Argentine president calls for “social responsibility” from business people, otherwise government will intervene.

Argentine president Alberto Fernandez called for “social responsibility” from business people demanding they don’t increase prices above reasonable levels, since “fighting inflation is a battle that involves all of us”.

“It’s not possible that business people and leaders have to be lashed around to understand that we are all responsible in bringing down inflation; let us all act responsibly” said president Fernandez during a Buenos Aires radio station interview in which there was also a strong message of possible government actions if prices keep increasing.

Fernandez also praised the congressional debate on the gondola shelving Bill which he would like to be approved as soon as possible. The bill limits to one produce brand, 30% of the gondola shelve exhibition, which supposedly means other brands and prices can compete in similar conditions.

The Argentine president also mentioned that the supermarket chains should be aware that they have to absorb some of the impact of the 21% VAT on their products.