Precisely at the lunch that Guzmán convened, along with his pair of Productive development, Matías Kulfas, the President of the Central Bank, Miguel Pesce, the Minister of Production, Matías Kulfas and Felleti The good predisposition of the business sector to understand the importance of the price agreement was highlighted.
Participated in the meeting Laura Barnator (Unilever); Gabriela Bardin (P&G); Gonzalo Fagioli (Quilmes); Abelardo Gudiño (Coca Cola); Adrián Kaufman Brea (Arcor Group); Maximiliano Lapidus (La Serenísima); and Agustín Llanos (Molinos Río de La Plata).
According to what the Minister of Economy indicated, this careful price agreement represents “a chapter of the agreement with the IMF which is advanced, but we have not yet been able to close it ” sincere Guzmán. His aspiration is to be able to send it to Congress “as soon as possible” but he avoided mentioning the macroeconomic goals that are being discussed with the Fund’s staff.
It should be remembered that this Wednesday the owner of the Palace of the Treasury at the Casa Rosada at 5:00 p.m. will give an exhibition to the governors where the progress of the negotiation with the IMF team and what the “pitfalls” are will be known.
The lunch, which the authorities defined as “work”, began with a brief presentation by Guzmán that summarized the good performance of this year and the effects of the pandemic.
Then the official invited all attendees to express their opinions. Thus, some made reference to the difficulties they had to face during the pandemic with “rising costs and frozen prices”.
Others, particularly those with headquarters abroad, stated the different difficulties involved in the stocks.
In this sense, the minister Guzman together with the BCRA holder, Fish they offered to keep a dialogue with the CEOs of the central houses in order to explain the difficulties that Argentina faces. The offer was well received by companies for whom it must not be easy to explain the different restrictive regulations.
The increase of positive cases It was also part of the conversation given that absenteeism increased notably in some companies. “Some time ago, absenteeism was between 8% and 10% and in the last 10 days this indicator went from 18% to 25% ”, another businessman commented. Just this Tuesday it was known that the positive cases exceeded 81,000.
The black market, which has grown exponentially in recent times, it was also part of the comments of the companies. At this point, the Secretary of Commerce acknowledged that controls need to be increased. There were mentions of mechanisms that were applied in Brazil to formalize sectors of the informal economy.
Minister Guzmán promised to “facilitate” the increase in exports of the food sector. “We need to work together to boost sales abroad ”, he claimed.
For the government this year, growth, job creation, increased exports and exchange rate stability were strongly recovered. But, the head of the Palacio de Hacienda recognized the need to complement a “Comprehensive macroeconomic scheme to attack the inflationary problem with price and income policies, which include price agreements between the public and private sectors”, remarked the head of the Palacio de Hacienda.
The meeting, which one of the participants defined as a “storm ideas ”, it was the kickoff for other meetings, although no date yet, according to the attendees.
In general, lunch was defined as “positive” on both sides while some businessmen had the opportunity to see the quincho (they ate barbecue) on the top floor of the Palacio de Hacienda that allows us to see the Casa Rosada, Puerto Madero and the Plaza de Mayo.
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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