Argentina regulates prices of 580 market products
The Argentine government ordered these measures against 580 products due to "unjustifiable increases"
The Government of Argentina announced that the country’s supermarkets must lower the prices of 580 products to the value they had on March 10 due to “unjustifiable increases.”
The decision was adopted by the Ministry of Internal Trade, after a meeting with representatives of the Association of United Supermarkets (ASU) and the main companies that produce mass consumer goods.
The Secretary in charge of Roberto Feletti explained that the decision has been taken due to higher increases in several products, which also alerted the Ministry of Productive Development and led to joint action by the two entities.
According to the Government, the chains that have presented a higher level of price increases have been Walmart/Changomas and Cencosud.
The Ministry of Commerce has advanced that if there are non-compliances, fines and sanctions will be applied, and has assured that it can apply the supply law.
K. Tovar
Source: Swissinfo
