After the meeting he held with supermarket representatives, the Minister of Economy, Luis Caputo, This Wednesday he highlighted the changes made by two strings in the way of presenting their promotions. The Government is looking closely at the price evolution of the first half of March.
The head of the Palacio de Hacienda celebrated the companies’ decision through a post on his social network account “X” where he posted an image with the modifications they made to their offers, which include discounts in direct percentages and not tied to the amount.
“Jumbo changing the modality of its promotions,” he highlighted the minister, after the company decided to replace the 3×2 and 2×1 promotions with unit offers and discounts of 50%.
luis caputo.jpg
Luis Caputo justified the request to supermarkets: “It is to protect consumers”
Subsequently, the minister wrote a tweet to journalist Luis Novaresio in which he refers to the request he made to the supermarkets. On the one hand, he pointed out that “There are people who do not buy two units to access a discount”which means that you end up buying “a unit at an excessive price.”
Another reason is that “Indec does not capture the discount when it is on the second unit and that negatively affects the economic program. “It is always better for the inflation rate to reflect economic reality.”
“I’m not forcing anyone to do anything they don’t want to do.”“added Caputo in tonight’s tweet, and remarked that” in any case, I’m making them competewhat ideologically represents us”, at the same time that, as he said, it allows “protect consumers“.
Embed – https://publish.twitter.com/oembed?url=https://twitter.com/LuisCaputoAR/status/1768065881760772474?t=ytiL7YB9DKiNjkcDJsMkuw&s=08&partner=&hide_thread=false
@luisnovaresio
I explain why I want there to be discounts on the first unit:1. There are people who do not buy two units to access a discount. Therefore you end up purchasing a unit at an excessive price.
2. Because Indec does not capture the discount when it is…
— totocaputo (@LuisCaputoAR) March 14, 2024
Luis Caputo’s claim to supermarkets for promotions
Minister Caputo had claimed in paths meetings held with food producers and supermarket chains how to disseminate promotions and offers. Just yesterday, he again complained in public about this situation and He announced that prices “were going to go down“, as the businessmen had promised.
In the meeting held on Monday afternoon with the main directors of supermarket chains assured them that “The prices of mass consumption products today do not reflect the new economic reality.”
“The Minister placed particular emphasis on the fact that the prices of mass consumption products do not reflect the new economic reality today,” says an official statement from the Treasury Palace. The note adds that “alternatives were debated to combat the excessive rise in prices and thus protect consumers.”
Caputo, the Secretary of Industry and Productive Development, Juan Pazo, and his counterpart of Commerce, Pablo Lavigne, They held a meeting at the Palacio de Hacienda with the leaders of the main supermarkets. On the business side, representatives of Coto, La Anónima, Carrefour, Chango Más, Day and Cencosud.
In this context, the Government decided to make the conditions for imports of certain products more flexible to accelerate the disinflation process.
Source: Ambito