The president of the Argentine Chamber of Supermarkets (CAS), Víctor Palpacelli, referred to the sector's stance on the recent attempts by some suppliers to implement price increases. In statements to a radio station, Palpacelli was blunt in stating that supermarket chains will not validate increases that lead to a drop in consumption.
The recent elimination of the currency clamp led companies like Unilever and Molinos Río de la Plata to release lists with increases ranging from 9% to 12%, impacting daily consumer products. However, the main chains, grouped in the United Supermarkets Association (ASU), decided not to accept those increases.
During the interview with Urbana Play, Palpacelli indicated that both smaller and regional chains also rejected the new price lists. However, he clarified that not all supermarkets adopted the same decision.
While some companies chose to keep prices unchanged, others passed the increases onto shelf prices. According to the head of CAS, this represents a widespread concern, as passing costs onto the consumer directly affects sales.
