April 24, 2014
Friday, December 20, 2013

Kicillof asks businessmen for 'responsibility'

After the government and supermarket chambers signed a deal to keep prices unchanged for one year starting January 1, Economy Minister Axel Kicillof announced a “system of permanent monitoring” will be created, to report price variations.

He referred to the agreement as voluntary rejecting the concept of a price freeze. He explained both parts agreed on a basket of massive consumption goods taken as a price reference, which could be extended to other products eventually.

The minister specified the agreement will be effective during 2014, with a quarterly revision.

"This agreement requires permanent talks,” Kicillof said. “We will implement a permanent monitoring and early alerts in case there are price and supply variations,” he emphasized.

The latest price agreements fueled by former Domestic Trade Secretary Guillermo Moreno affected selling prices, while these new deals will also reach supermarket providers. He added the government will seek to get producers and consumers involved, “so we cover the complete value chain.”

After explaining the details of the agreements, he went on to urge businessmen to honor the latter. "As of January 1, we have a new commitment and we will ask the private sector to be absolutely responsible.”

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Tags:  Kicillof  Capitanich  agreement  s  business  prices  Argentina  inflation  

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