Guillermo Moreno authorized price increases in massive products

Argentina, March 12, 2012

Again, the Internal Trade Secretary headed by Guillermo Moreno, authorized price increases in massive products. In total, fourteen companies of food, beverages and cleaning supplies were allowed to increase the values of their wares. During January and February, only one company had obtained the official nod to achieve increases. 

The increases will be in the products of companies Danone, Unilever, Kraft Foods, Procter & Gamble, Colgate and Palmolive and others like Molinos Rio de la Plata or SanCor.

It is recalled that supported increases for each product are not the same. These are divided into three categories: massive, selective and premium. Each group receives authorization for a different increment. Thus, the massive goods will increase around 3.5% and 4%, the selective reach 7% and the premium about 9%.