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Argentina pegs supermarket price rises
http://www.x404.co.uk/forum/viewtopic.php?f=19&t=18261		 Page 1 of 1
Author:  pcernie [ Mon Feb 04, 2013 10:28 pm ]
Post subject:  Argentina pegs supermarket price rises
http://www.bbc.co.uk/news/business-21331052

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Author:  l3v1ck [ Mon Feb 04, 2013 10:39 pm ]
Post subject:  Re: Argentina pegs supermarket price rises
So the prices the supermanrkets can charge will be fixed, but presumably the prices they're charged by suppliers isn't?
Anybody else see some bankruptcies on the horizon?
Author:  Amnesia10 [ Mon Feb 04, 2013 11:29 pm ]
Post subject:  Re: Argentina pegs supermarket price rises
l3v1ck wrote:
So the prices the supermanrkets can charge will be fixed, but presumably the prices they're charged by suppliers isn't?
Anybody else see some bankruptcies on the horizon?

I see that the prices will rise much more once the fix is over.

Quote:
The government says inflation is below 11% but economists say it is double.

Someone has done the same for the US. Official US inflation is around 2% but if you include food and energy which is deliberately excluded from US figures because they are volatile it is over 10%.
Author:  mikepgood [ Sat Feb 09, 2013 9:06 am ]
Post subject:  Re: Argentina pegs supermarket price rises
Perhaps they need something to distract the population from internal affairs.

What could they think of?
Author:  Amnesia10 [ Sat Feb 09, 2013 1:38 pm ]
Post subject:  Re: Argentina pegs supermarket price rises
mikepgood wrote:
Perhaps they need something to distract the population from internal affairs.

What could they think of?

I think that there will be many countries that will do something similar before long,
Author:  koli [ Sat Feb 09, 2013 5:43 pm ]
Post subject:  Re: Argentina pegs supermarket price rises
So the the same mess as in Venezuela.
In addition they devalued their currency from official 4.3 to 6.3VEF per USD.
The best thing is that black market rate is 19.53VEF
Socialist's paradise in the making but it is only the question of time before it all starts crashing down on people's heads.
Author:  Amnesia10 [ Sat Feb 09, 2013 9:28 pm ]
Post subject:  Re: Argentina pegs supermarket price rises
koli wrote:
In addition they devalued their currency from official 4.3 to 6.3VEF per USD.
The best thing is that black market rate is 19.53VEF

The fact that the black market is valuing the local currency so poorly is because they do not want the local currency and think that the figures are wildly inaccurate anyway. They are pricing in more problems.
Author:  big_D [ Sun Feb 10, 2013 8:42 am ]
Post subject:  Re: Argentina pegs supermarket price rises
l3v1ck wrote:
So the prices the supermanrkets can charge will be fixed, but presumably the prices they're charged by suppliers isn't?
Anybody else see some bankruptcies on the horizon?

I don't know how it is in Argentina, but in Germany the supermarkets can pretty much set the prices they want for certain categories. The suppliers are certainly put under a lot of pressure to meet the requirements of the supermarkets.

That said, if they can't keep fuel prices in line, then they will have problems keeping the food prices fixed.
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