Welcome Guest to Happi

Subscribe Free: Magazine | eNewsletter

current issue Wipes 2014
 •  Ch-Ch-Ch Chia...Skin Care  •  Horst Rechelbacher, Kiran Stordalen Give To Children's Hospital  •  Avon's Third Quarter Numbers Are In  •  Nature's Bounty Issues Beauty Challenge  •  Petition Targets Birchbox
Clariant
Print

Procter & Gamble Puts Hold on Argentine Prices



Published March 9, 2006
Related Searches: products men skin design
Post a comment
ARGENTINA: Procter & Gamble Co. has agreed to freeze prices on 31 products in Argentina after the country’s president started asking consumer products makers to stop raising prices for at least a year.
The efforts by president Nestor Kirchner are designed to help the country’s battle against inflation. Mr. Kirchner and economic minister Felisa Miceli reportedly negotiated the agreements with P&G, Unilever NV and Kimberly-Clark to freeze prices on some of their products.
Argentina’s annual inflation rate rose to a 31-month high of 12.3% in December following increased government spending and purchases of dollars to weaken the peso.


blog comments powered by Disqus