Argentina: What products are no longer in Maximum Prices?

Published 2021년 1월 12일

Tridge summary

Argentina has removed several products from its Maximum Price program, which was implemented in response to the Covid-19 pandemic to limit price increases on essential items. The products removed include soda, beer, herb, toilet paper, and kitchen rolls, among others. Despite the program's goal of capping price increases at 5% per time, the prices of food and beverages have still rised by 36.1% between January and November, exceeding the overall inflation rate of 30.9%. This rise in prices is impacting the purchasing power of wages.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

INICIO LID MULTIMEDIA CAMPUS SUBIR Yerba, toilet paper, soft drinks, beer and kitchen rolls left the list of the program that establishes increase caps. Entrepreneurs have been pushing to increase prices even more. Inflation destroys the purchasing power of wages. Drafting Tuesday, January 12 | 19:35 Internal Commerce excluded a new list of Maximum Price products on Tuesday, through resolution 43/2021 published in the Official Gazette. The program was established in March of last year through resolution 100/2020 and its extensions, on the occasion of the health emergency declared by the Covid-19 pandemic with the aim of establishing limits on increases to food, cleaning products or personal hygiene. Products that are no longer in the Maximum Prices program are soda, beer, herb, toilet paper, and kitchen rolls. Also left the program: imported noodles, frozen bread, waste and films, toothpicks, lip balms, and powders. The Secretary of Domestic Trade, Paula Español, said on Tuesday ...

Source: Laizquierdadiario