The Minister of Economy, Luis Caputoheld a meeting this Tuesday at the Treasury Palace with representatives of supermarkets to exchange proposals related to the sector, discuss the evolution of the macroeconomy and the measures taken by the National Government to reduce inflation.
During the meeting, the Minister highlighted that currently There are no macroeconomic reasons for inflationand stressed the importance of continuing to build confidence in the economic model.
In addition, Caputo said that the monetary measures to end the emission and the fiscal anchor will allow inflation to continue to decline. In this regard, the head of the Economy explained that people are not going to accept price increases.
PAIS tax: the claim of businessmen
Likewise, Caputo and the businessmen agreed on the Importance of lowering the PAIS tax and in what the reduction in taxes is passed on to prices. In this regard, the Minister confirmed that the National Government aims to lower taxes and inflation.
For their part, representatives of supermarkets supported the economic direction and the measures of the Government. They also raised the need for combat informality and unfair competition in the sector. “Excellent meeting with the representatives of supermarkets. We continue to listen to the needs of the different sectors and explain in detail the measures we are implementing,” said Caputo after the meeting.
Representatives of the Carrefour, Cencosud, Chango Más, Coto, Día, La Anónima and the Association of United Supermarkets.
Concern over July inflation
Mass consumption inflation rose 1.6% in the first week and 3.7% in the second, according to Econoviews. Values well above those obtained in June, where there were increases of 0.6% and 0%, respectively. “Added to this is a seasonally more difficult month and the climate issue (the extreme cold in much of the country) will surely leave a mark on prices in July,” reflected Miguel Kiguel’s consultancy.
Besides of Flour and its derivatives jump (which brought the price of Cordoba bakeries to 2,300 pesos per kilo), fruits and vegetables, meat toon had a movement above what it had been having.
The Federation of Social Economy Workers (FETRAES) revealed that the cold wave caused losses of up to 70% of production in the fruit and vegetable belt of La Plata, Berazategui and Florencio Varela, which is generating shortages of various fruits and vegetables, leading to a consequent increase in prices.
The adjustment in the prices of these foods is already beginning to be reflected in inflation measurements. In the third week of July, the indicator from the LCG consultancy firm estimated that the price variation reached 0.6% in food and beverages, which was explained firstly by the rise in the Vegetables category (4.6%), followed by Oils (3.2%) and Dairy products and eggs (1.8%).
Source: Ambito
