Argentina’s supermarkets and convenience stores will apply a 20% discount to 20 basic basket products for 60 days, starting on Wednesday. Prices have risen steadily since President Javier Milei’s government devalued the peso by 54%, with consulting firm Ecolatina projecting that December inflation will be 25%. A survey by the Herald’s sister publication Ámbito Financiero estimated that prices in supermarkets have increased by 29.5% since the inauguration. He described price controls and regulations — such as the previous government’s Precios Justos (Fair Prices) agreement — as “an aberration.” Milei’s new price agreement program is called Precios Diferenciados (Differentiated Prices). It also includes personal care products such as toilet paper and soap as well as household cleaning products like bleach, paper towels, and detergent.

Source: Bueno Aires Herald December 27, 2023 16:33 UTC