Some 25 members of an activist group took it upon themselves to check up on a 'fair prices' compliance in Buenos Aires. Read more at straitstimes.com.
BUENOS AIRES - Like a veritable undercover agent, Ms Monica Schenone tries to pass unnoticed through the aisles of a supermarket in Buenos Aires, sneaking photographs of price tags.
Prices for daily staples rose monthly, even weekly in 2022, with milk prices climbing more than four-fold and those for cooking oil and sugar more than five-fold, according to the Abeceb economic consultancy. “A bar of soap that went from 231.40 pesos to 496 pesos , that does not seem to me to be a 3 per cent increase,” she said.Precios Justos runs from February to the end of June, and covers food and medicines but also soap, clothing, shoes, and school gear, among other items.
But most smaller, independent stores which serve millions of Argentines remain outside of the framework, sometimes charging prices double the suggested rate, according to consulting firm Nielsen IQ. The price checker and her peers submit their findings to La Dignidad, which publishes periodic reports.A man buying meat in a butcher shop in Buenos Aires. PHOTO: AFP
The causes are multiple, including persistent deficit spending, constant currency devaluation, successive droughts and external factors like the war in Ukraine that affected energy and grain prices.
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