October 26, 2014
Price freeze to come effective on Jan 6
Cabinet Chief Jorge Capitanich has confirmed the agreement reached between the government and supermarket leaders and retailers will become effective as for Monday involving 194 products. According to the head of ministers, prices have been reduced by 7 percent.
“The goal is to protect workers’ pockets and create conditions to preserve (their) power purchase,” Capitanich said during a press conference held this morning at the Casa Rosada presidential palace.
The official was escorted by Industry Minister Débora Giorgio and Domestic Trade Secretary Augusto Costa –a close aide of Economy Minister Axel Kicillof who was appointed to replace Guillermo Moreno back in November.
“All supermarkets will have the same prices. It will not depend on any type of chain or subsidiary. This price dispersion created uncertainty and lack of reference that did not allow consumers to make decisions. With this agreement the (price) reference consumers will have will be univocal. Every consumer knows a product that is included in this basket costs the same, no matter what supermarket the consumer goes to. This is good to know that consumers will not be misled or a victim (of retailers),” Costa said when addressing reporters at the government house adding the agreement is rather a “commitment” made by the different sectors involved in price fixing rather than a “price freeze.”
The Cristina Fernámdez de Kirchner administration, the official explained, aims to offer Argentineans “signs” regarding the “variation of prices and salaries.”