Welcome Guest to Happi

Subscribe Free: Magazine | eNewsletter

current issue January 2015
 •  Bye, Bye Bonne Bell  •  The More 'Natural' The Better  •  Former Coty Exec Named CEO at Illuminage Beauty  •  Cargo Works Sundance  •  Energizer’s Q1 Sales Drop
Print

Procter & Gamble Puts Hold on Argentine Prices



Published March 9, 2006
Related Searches: products men design skin
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