As part of the measures that the Government seeks to implement to contain the strong inflationary pressure, which already accumulates 62.1% per year, the Ministry of Domestic Trade is preparing a new program: Fair Prices.
According to Matías Tombolini, holder of the portfolio, with this new plan prices will be frozen between 90 and 120 days in more than 1,500 products; furthermore, in theory, Fair Prices will co-exist with the recently revamped Care Prices program.
This, since the Government seeks that the list of products of Fair Prices is more extensive than the Care Prices, which was recently reduced from more than 1000 to 450.
The idea would be for each product to have the final value printed on its label.; To do this, this Tuesday the round of meetings between the businessmen and the Secretary of Internal Trade will start, which will lead the program, in case it manages to establish itself.
However, as it turned out, businessmen have already expressed several objections to the new government plan, since, in the first instance, it does not solve the inflation problem from the base and, furthermore, because it is difficult to implement labeling on products.
“The program presents issues of an operational nature that could delay both its launch and its validity,” some companies pointed out, which is why it is doubtful whether an agreement with the Government will finally be reached.
What the Executive Power seeks when putting the price of the product on the label is to avoid unjustified price marking, which, in turn, would help reduce the current high rates of inflation.
When will the program go into effect?
Although negotiations are just beginning, What the Government aspires is that its new Program be released next month and that this has a duration of between 90 to 120 days.
To this end, from today meetings will be held with 30 price-setting companies that represent 65% of mass consumption throughout the national territory.
