This Tuesday, the Minister of Economy himself, Martin Guzman will lead a meeting with the head of the Central Bank, Miguel Pesce – the Minister of Production, Matias Kulfas and the Secretary of Commerce, Roberto Felleti to, in this first stage, advance in the guidelines of giving a path of price increase. By the business sector, the executives of companies- Laura Barnator (Unilever); Gabriela Bardin (Procter); Agustin Llanos (Molinos); Abelardo Gudiño (Coca Cola); Adrián Kaufman Brea (Arcor) – Gonzalo Fagioli (Quilmes); Maximiliano Lapidus (Mastellone) among others.
In previous meetings, Feletti agreed that the agreements this year will be voluntary and will take effect on January 8. This Friday the current agreement expires. Monthly corrections and quarterly reviews are foreseen, a scheme similar to that of Care Prices.
Although the IMF is not very in favor of this type of measures as a permanent resource, it does accept them as part of the stabilization plan.
Until now, the talks on the issue of prices were basically discussed in the Secretary of Commerce, but the meeting chaired today by the head of the Treasury Palace is part of the importance that the government gives to achieve a program with the IMF as soon as possible. Although some of the food companies were summoned at this meeting, the official intention is to advance in this type of agreement with other sectors.
Food
Different consulting firms have been warning about an acceleration in prices -some calculate that it exceeded 4% last December-, particularly of food, one of the issues that most concerns the Government given its effect on the purchasing power of the population.
Projection of Ecolatina contemplates a rise of 3.8% for the last month of the year, after a first fortnight that registered a rebound of 4.4%, estimating a closing of the year 50.5%. According to the consulting firm that Roberto Lavagna founded, clothing was the item that increased the most, 7.5%, but food and beverages also show a rise of 5.2%.
For Eco Go December inflation was 3.5% with the food and beverages item increased 4.3%. In this regard, the firm that runs Marina Dal Poggetto points out that the holiday season was accompanied by increases in beef, which increased 14.3%. Meanwhile, pork and chicken registered increases of 5%. Meanwhile, core inflation was 54.6%.
Thus, food and beverages shows a rise of 57.3% in 2021, above the general average – 50.5% -. Red meat led the increases with almost 115%.
According to the survey of retail prices of C&T for GBA, in December there was a monthly increase of 4.5%, much higher than the 2.6% in November, but equal to the figure for December last year.
As is often the case in December, recreation presented the highest increase due to the peak in tourism at the beginning of the summer season.
Food and drink followed, the item with the highest weighting, which had a strong rebound after the moderation that had occurred in November due to the price freeze and several strong seasonal drops. The meat played a preponderant role, maintains the consultancy of Camilo Tiscornia, but it tended to moderate over the end of the year.
Source From: Ambito
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