BUENOS AIRES, Argentina (AP) — Argentina announced a two-month price freeze on supermarket products Monday in an effort to break spiraling inflation.
Right, whew ... the government took action. I love how the government thinks it can control inflation by freezing prices. It's as if their government is run by
economic illiterates junior-high students.
The price freeze applies to every product in all of the nation's largest supermarkets — a group including Walmart, Carrefour, Coto, Jumbo, Disco and other large chains. The companies' trade group, representing 70 percent of the Argentine market, reached the accord with Commerce Secretary Guillermo Moreno, the government's news agency Telam reported.
Polls show Argentines worry most about inflation, which private economists estimate could reach 30 percent this year.
Yes, those idiot-libs "worry about inflation." They should keep voting for idiot-libs and just be patient on the inflation/economic disaster thing ... they aren't connected at all.
The government says it's trying to hold the next union wage hikes to 20 percent, a figure that suggests how little anyone believes the official index that pegs annual inflation at just 10 percent. More here:
LMAO, this reminds me of our own government.
"Inflation? What inflation?"
"We've added tons of new jobs ... economic growth out the ying yang."
And the sheep buy it, hook, line and sinker ... and they keep voting for idiot libs. Same in Europe, btw. And they don't put two and two together. The "problem" is absolutely beyond them.