The Minister of Economy, Sergio Massa, announced the extension of the Fair Prices program until next June, with an average monthly increase of 3.2% for 49,832 products made by a total of 482 companies.
The event took place starting at 11:30 a.m. at the Kirchner Cultural Center (CCK) with the presence, in addition to Massa, of the Secretary of Commerce, Matías Tombolini, and the president of the Coordinadora de las Industrias de Productos Alimenticios (Copal) and of the Argentine Industrial Union (UIA), Daniel Funes de Rioja, among other officials and businessmen.
The agreement will include 49,832 products of 482 companies from 15 items (mass consumption, footwear, cell phones, direct sales, home and construction, clothing, supplies, widespread inputs, small household appliances, cold cuts, textiles, bicycles, medicines, fuels, and motorcycles) which may have increases of up to 3.2% monthly.
In addition, and as a novelty, there will be an agreement with private schools to establish a path of fee increases, which would be 3.5% per month from April, since the previously defined increase of more than 16% will be respected in March.
The minister indicated that this second stage of the program “has more prizes and more punishments.” And, in the case of the prizes, he said that “a large part of the value chain of the food industry and the hygiene and cleaning complex will have a credit program for the production of capital goods, with financing at an interest rate subsidized”.