Argentina to Launch 'Fair Prices' Program to Battle Raging Inflation Numbers
The government of Argentina has begun to act in several directions to control the raging inflation numbers registered this year. Sergio Massa, minister of treasury, proposed a program called “Fair Prices,” to force retailers and producers to establish a fixed price on various products, to be maintained for up to 90 days. Argentina to Rely on Price Controls for Inflation Battle The raging inflation numbers that Argentina is facing this year have prompted the government to propose a series of actions directed to curb inflation during the last three months of 2022. Sergio Massa, minister of the treasury of Argentina, has proposed a system of price controls to maintain some prices at fixed levels for at least 90 days. The program, which has been named “Fair Prices,” will be the result of a series of talks with companies that produce goods of mass consumption, in which the prices of these goods will be directly indicated on the packaging. The program will include n...