Argentina Pegs Supermarket Price Rises For Two Months -- BBC
The Argentine government has put a temporary price freeze on all products sold in the country's main supermarket chains to try to fight inflation.
A group representing two-thirds of Argentina's supermarkets agreed to keep prices steady until the first of April.
The move comes days after the International Monetary Fund (IMF) censured Argentina for issuing inaccurate economic data.
The government says inflation is below 11% but economists say it is double.
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Update: Argentina tries freezing prices to break 30 percent annual inflation spiral -- Washington Post/AP
My Comment: Instead of focusing on the problem (i.e. the government of Argentina unwilling to control it's spending and rampant economic intervention .... plus their own crony corruption) .... they have decided to go after the producers who produce and distribute the country's goods. This reminds me of the old Soviet Union where I grew up. Prices were fixed .... but there was nothing in the stores. This .... alas .... is now going to be Argentina's fate.
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