BUENOS AIRES (Reuters) - Argentina's government announced on Friday a price agreement for supermarkets to limit monthly increases to a maximum of 5% ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBUENOS AIRES - Argentina's government announced on Friday a price agreement for supermarkets to limit monthly increases to a maximum of 5% for 90 days as the country tries to tamp down triple-digit inflation as a high-stakes election looms.
Massa himself is running for president as the standard-bearer of the ruling Peronist coalition, after he won its nomination in last Sunday's primary vote. The agreement takes into account tax benefits for those supermarkets that do not increase prices above 5% per month, besides a credit program for small and medium-sized companies that supply supermarkets, the ministry said in a statement.
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