Medicines may increase up to 3.8% each month until March

As announced a few days ago, the Minister of the Economy, Sergio Massa, and the Secretary of Domestic Trade, Matías Tombolini, reached an agreement with the chambers of the pharmaceutical and medicines which allows this sector to be incorporated into a slightly more restrictive version of Fair Prices.

By incorporating the medicines to a price control program, which in this case allows them to increase the value of drugs even 3.8% each month, until March 2023, there are about 40 thousand articles and goods that are contemplated in a government plan to lower sales values.

Massa and Tombolini with pharmaceutical entrepreneurs.

With the medicines and mass consumption products such as beverages, food, personal hygiene items and cleaning products, footwear, clothing and fuel from the most important companies in the country, the Government set up a program that seeks, in certain cases, to freeze and in certain cases the others allow up to a 4% monthly increase in the products everyday life of Argentines.

Secretary Tombolini explained that “This agreement (with the pharmaceutical companies) is very important because it is a signal that builds predictability for the companies, but above all, for those who buy the medicines every month,” since it is essential to order the macroeconomic variables of the country.

Sergio Massa on Twitter together with shoe businessmen.

For his part, Sergio Massa pronounced: “We are really convinced that we have the responsibility of ordering Argentina macroeconomically and meanwhile we have the task of building together a path to lower prices that gives people peace of mind, that allows us to recover income”.

Industrial inputs at Fair Prices

Last Tuesday, the 13th of this month, Minister Massa and Secretary Tombolini managed to add to Fair Prices the companies that produce basic industrial inputs until March 2023. This incorporation will be for the glass, aluminum, petrochemical, the chemical industry and packaging.

Matías Tombolini, Secretary of Commerce.

The companies that voluntarily agreed to the Government program and in this way will be able to increase the price of the aforementioned basic inputs up to 4% each month are Aluar, Dow Chemical, Alpek Polyester Argentina, Cattorini Hnos, Veralia, Rigoleau, Nueva Cristalería Rosario , IFF, Danisco and Solae, Grupo Saporiti, Transclor, Tetrapack and Cartocor.

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