INSUBCONTINENT EXCLUSIVE:
Program.This program had frozen prices in exchange for benefits to producers.Food producers and other basic consumer goods manufacturers
began submitting new price lists to supermarkets on Monday, December 11, 2023.The termination of the subsidies has led to a projected price
(Photo Internet reproduction)Consumers are already seeing higher prices in supermarkets, with further adjustments expected soon.Essential
items like olive oil, pasta, flour, and bread are among those most affected
For instance, the price of olive oil has increased from 800 to 2,000 pesos.Additionally, some types of bread have seen an 80% price rise,
and rice costs are also set to increase.The Fair Prices Program, established by the Fernandez government, aimed to control inflation by
average price increases for items previously included in the now-defunct program are estimated to range from 20% to 25%.The price
adjustments are attributed to the discontinuation of subsidies and inflation adjustments, as prices had been lagging behind inflation
