Tridge summary
The Bakery Industrial Federation of Argentina announced a 25% price increase on baked products due to rising costs of sugar, plastics, paper, and yeast. The inflation rate for January is expected to remain high, similar to December. The government's price agreements have been deemed insufficient, and a report from the Domestic Trade Secretary suggests that food inflation is higher due to the seasonality of fruits and vegetables.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
It was announced by the Bakery Industrial Federation. The increases will impact in the coming days. A new attack on the pockets of working people. The president of the Bakery Industrial Federation, Raúl Santoandré, announced that in the coming days the price of baked products will increase by 25%. This is a new attack on the pockets of working people. The excuse, as always, is the increase in other inputs. In this case, sugar, plastics, paper and yeast. "We have no other choice," said the business representative, who also said that, if this increase does not mediate, the bakeries "will not be able to open their shutters." Next Tuesday, February 15, the inflation data for January will be known, which the Government has already made clear will continue to be high. "Inflation in January is going to be similar to that of December, but in food it is higher because you have the seasonality of fruits and vegetables," said Roberto Feletti, Secretary of Domestic Trade. It may interest you: ...
Source: Laizquierdadiario
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