Roberto Feletti defended the price freeze:

The Secretary of Internal Trade, Roberto Feletti, justified the freezing of more than 1200 prices of food and other mass consumption products for three months on the need for Argentines to boost consumption in the final stretch of the year and make it “a happy exit from the pandemic ”.

The official admitted that the september inflation that the INDEC will broadcast this afternoon may even be above the projections of the analysts and the government itself.

“It seems that comes above 3%, I do not have the final data but the alert indicators are marking it and I acceleration worries that we saw so far in October “, emphasized Feletti in statements to The Uncover radio.

In this sense, he emphasized that one of the objectives of his management is that the dynamics of prices do not liquefy the salary improvements that have occurred in recent months. “In December 2019, the Basic Food Basket represented 9% of the average salary in the private sector and now it was already 11%. The worker who has a parity could not rebuild his real salary with respect to the Basic Food Basket. He who has a parity lost, those with less formal conditions more ”, he stated.

The Secretary of Domestic Trade wants a “happy and full consumption” quarter

In that sense, Feletti assured that the agreement “It is not a stigmatization of businessmen“And noted that maintaining prices for 90 days will serve as an anchor for inflationary expectations and will make it possible” to have a quarter with full consumption. “

We are not telling companies to lose, We do not get involved in the business plan nor do we want them to lose, we are telling them to win by quantity. It is time to stop the ball in order to prevent the purchasing power of wages from deteriorating further, ”said the official.

In this context, he stated that “the exit from the pandemic has to be happy: we have to ensure a quarter of full consumption and also a little joy, which is what Argentina needs.”

“This it will be the first Christmas with a moderate impact of the pandemic, there are expectations that families will be reunited. Then don’t get frustrated with a price escalation, with going and getting bitter in the supermarket ”, he expanded.

For this reason, he trusted that the businessmen and supermarkets with whom he met on Wednesday will give their part to maintain prices until January 7. “It is an agreement with a clear objective and a set time and opens the dialogue to start discussing the needs for increases” after that date, he said.

The Secretary of Internal Commerce, Roberto Feletti, together with his collaborators and businessmen who were asked to keep prices unchanged for 90 days.  (Photo: Ministry of Productive Development)
The Secretary of Internal Commerce, Roberto Feletti, together with his collaborators and businessmen who were asked to keep prices unchanged for 90 days. (Photo: Ministry of Productive Development)

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