This Friday, the Minister of Economy, Sergio Massa, will launch the new stage of Fair Priceswhich will have increases in various items and sectors and, in addition, will come with important news.
From the Kirchner Cultural Center, the head of the Palacio de Hacienda will announce the details of the extension of the program with which the Government seeks to slow down inflation. It should be remembered that the first stage of Fair Prices It will be valid until February 28.
In this way, the extension of Fair Prices It would be given, in principle, until June 30. As reported, this new version will include sectors such as footwear and textile clothing, cell phones, construction elements, household appliances, bicycles, motorcycles, fuel and basic basket products.
Mass consumption products will include 2,000 items that will remain with frozen prices. In addition, the program will have a monthly increase guideline of 3.2% instead of the current 4%.
Additionally, the almost 30,000 products that are not listed will have a 4% increase guideline; there will also be variations in the list of the basket with fixed prices.
During the launch, the Secretary of Commerce, Matías Tombolini, the president of the Coordinator of the Food Products Industries (Copal) and the President of the Argentine Industrial Union (UIA), Daniel Funes de Rioja, will be present.
From the Government they specified that this new stage “will be reinforced with a software developed jointly by Arsat and Amazon, which will allow the Secretary of Commerce to carry out a detailed control of the evolution of prices and, consequently, of the commitment assumed by the companies in general”.
The government’s goal
With the extension of program, the Government expects to meet its goal of reaching an annual inflation rate of 60%. For this, the Minister of Economy assured that the price index should be at 3% as of April.
However, the goals of the economic team seem to be truncated, since, according to private consultants, only in January prices increased above 5%, even though Fair Prices had already started operating.
