The national government is carrying out negotiations with companies to start a new phase of the Fair Prices program that will last until next June and that will include more items and a reduction in the average increase from 4% to 3.2%.

In addition, the Fair Prices program will be expanded, so the agreement will be larger because it will include more sectors of the economy and production. For the moment, the items that it would include are mass consumption, sports shoes, cell phones and small appliances, clothing, textiles, and widespread inputs, to which more sectors will surely be incorporated during this week.

Within the program, the 2,000 products at a fixed price will be maintained, although there could be a rotation in the items that make up the offer, while the rest will follow a guideline of 3.2% average increase, less than the 4% set in the initial understanding.

In this way, the objective is to generate predictability for the next four months as more than 450 companies assume the commitment to comply with an average price path of 3.2% until June. In accordance with the provisions of Resolution 1077 published in the Official Gazette in December of last year, the Fair Prices program will remain in force until December 31, 2023.

The original agreement was joined at the end of November by the oil companies, which agreed that the fuels participate in the Fair Prices program with monthly increases of up to 4% in December, January and February, and 3.8% in March of this year.