Without state intervention, companies backtrack on increases of up to 20%.

This week, the Minister of Economy, Luis "Toto" Caputo, pointed to Molinos and Unilever for applying excessive price increases that ranged between 7% and 12% in supermarkets. However, these companies were not the only ones to make increases.

However, they were not alone when it came to rolling back the increases, naturally and without any intervention from the State. This behavior was not limited exclusively to the food sector.

The canning company AVA, responsible for the Canale and Alco brands, communicated to its customers: "Supporting and accompanying the macroeconomic process that our country is experiencing, we are rolling back until further notice the validity of list 58 with all its prices and discounts".

"There was an overdraft, an overreaction from the suppliers", said Juan Vasco Martínez, executive director of the United Supermarkets Association (ASU), in statements to Radio AM750. Martínez also warned that smaller supermarkets received even higher increases, with hikes of around 20% at the beginning of the week.

Adjustments were also observed in the industrial sector. On Monday, several companies applied strong increases that began to moderate as the dollar fell from $1,230 at the beginning of the week to $1,160 by Wednesday's close.