Argentina’s Peronist government, led by Alberto Fernandez, has taken a series of economic measures to seek to curb inflation in the country – which could reach 100 percent by the end of the year – including a 15.6 percent increase in pensions and a price freeze for more. than 1700 consumer goods.
On Thursday, Argentina’s Economy Minister, Sergio Massa, announced that the government reached an agreement for supermarkets and suppliers of consumer goods to keep “fixed” or “precisely increasing” the prices of more than 1,700 products. “The objective of this program is to provide peace of mind,” Massa emphasized.
Of the products whose prices have been frozen, some will increase their value by 4 percent before adjusting to the new regulations, and others will start at current prices but could increase by up to 4 percent per month , according to the agreement signed with the Government.
“Inflation in Argentina is a very big problem for the vast majority of Argentines, but especially for retirees and pensioners,” explained the Minister of Economy.
