Argentina Extension of Consumer Goods Price Controls
Argentina has extended price controls on over 1,300 consumer products until January 2023.
The Argentine Ministry of Production negotiated an agreement with over 100 national and international companies for 1,321 products to remain under the “Precios Cuidados” program, which regulates prices for items typically sold in supermarkets, including certain food and pet food items as well as cleaning and hygiene and toiletry products, among others.
The program was extended until January 7, 2023, with planned quarterly revisions. For the first quarter ending on April 7, 2022, the agreement limits manufacturers to price increases of two percent on average.
Similar price control programs have been used since 2014 as a public policy intending to counter inflation, mainly consisting of maximum allowable prices on certain products particularly affecting the purchasing power and basic needs of mid- and low-income level consumers.
For further information on this regime or on products affected, please contact us at: Liliana.Paz@trade.gov.