The Minister of Economy, together with the Secretary of Commerce, Matías Tombolini, signed an agreement on Tuesday with the main suppliers of industrial inputs for the production of food and consumer goods for which these companies they will not be able to modify their prices above 3.9% on average for the month of December. The purpose of this voluntary agreement, which will continue until March 2023, is to give predictability to the cost structure of the companies that participate in the Fair Prices program because one of the fundamental factors in the formation of the price of a product are the costs of the so-called diffused inputs.
Within this framework, Minister Massa remarked that “this agreement and this meeting is really very important” while stressing that “The challenge of lowering inflation has the responsibility primary that we have the ability to order fiscal goals, monetary policy, that we have a serious and solid reserve accumulation regime, and that we can give them those economic planning instruments for each of the companies”.
“It is important to have been able to establish an agreement or a price path that we already established in fuels and now advance in aluminum and cardboard or what they represent chlorine and glass for containers, plastic or chemicals. It gives us the possibility that all the companies that participate in the productive processes in Argentina have predictability”he added.
Likewise, indHe stated that these agreements “allow the network of more than 41,000 SMEs to that are part of the value chain have the possibility to plan and remarked that “the State makes an effort to give them instruments of predictability in terms of access to the single market and free exchange and we want that effort to be shared”.
For his part, Tombolini thanked the predisposition of the companies and stressed that “it is the first time in history that the inputs disseminated enter into this type of agreement.” “We continue working on the road map proposed by Minister Massa to lower inflationary pressure and bring order and predictability to all sectors”, he closed.
The inputs produced by the companies that signed this agreement (glass, paper, aluminum, chemicals, among others) are key in the industry value chains, by constituting essential raw materials. In this way, The State incorporates into the agreement a variable that will allow sustaining prices and supply according to the needs of the market in all the products that make up the Fair Price basket and that use these basic inputs for their production
Source: Ambito
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