Argentina food chamber knocks back government prize freeze plan
Argentina's umbrella food industry chamber said on Tuesday that a government proposal to freeze prices on some 1,650 food and household goods fell short
of an offer the sector could accept and criticized officials for pushing a one-sided deal.
The South American country's center-left administration is looking to freeze prices to tamp down resurgent inflation ahead of crunch midterm elections in November, where the ruling party is expected to lose ground against the opposition in Congress.
The government had flagged talks with the Coordinator of the Food Products Industries of Argentina (COPAL) on Monday to advance toward a deal it hopes will help rein in monthly inflation that spiked to a lofty 3.5% in September.