The Secretary of Domestic Trade, Roberto Feletti, will give a press conference at 3:30 p.m. will announce a basket of regulated prices for local businesses and will give details on the implementation of the wheat trust, sources from the agency informed Télam.
Feletti will launch the basket with affordable prices that will be available in local stores, within the framework of a series of measures to contain the rise in prices of the main mass consumption products.
In addition, will detail the operation of the trust financed by the increase in withholdings on soybean meal and oilin order to bring back the prices of wheat flour to pre-war levels, as well as noodles, bread and flour for the consumer, all essential products of the basic food basket.
For that end announced a credit line for $8,000 million at a subsidized rate for the milling industryso that they can acquire wheat and avoid a massive transfer of prices to the table of the Argentines.
Prices that return to March
Meanwhile, during Wednesday’s session, the implementation of the Price retraction as of March 10 agreed with supermarkets for 580 productsin which excessive increases were recorded in recent weeks.
This is the result of the talks held between last Monday and Tuesday by the official unit with the United Supermarkets Association (ASU) and with the main companies that produce mass consumer goods.
The products that will roll back their prices correspond to the items food, cleaning and personal hygieneamong others.
The largest increases that alerted the Secretariat and the Ministry of Productive Development, and led to joint action by both agencies, were recorded between Wednesday, March 16 and Friday, March 18.
The chains that presented the highest levels of increase were Walmart/Changomas and the Cencosud groupowner of the firms Jumbo, Vea and Disco.
Last week, the National Institute of Statistics and Censuses (Indec) reported a 9% increase last February in the cost of the basic food basket.
The retail price index (IPC) at a general level, for its part, marked an increase of 4.7%essentially driven by the 7.5% average rise registered in food and non-alcoholic beverages.
