Welcome Guest to Happi

Subscribe Free: Magazine | eNewsletter

current issue Beauty I&O
 •  Prestige Beauty Sales Rise 5% in Q2  •  Right in The Kisser  •  Online Buying Intentions in Personal Care  •  Women’s Hair Removal Device Sales Skyrocket  •  Avon Patents Method To Lengthen Keratin Fibers
Print

Procter & Gamble Puts Hold on Argentine Prices



Published March 9, 2006
Related Searches: president products skin unilever
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