Argentine Markets Freeze Prices for 60-Days Amid 26% Inflation
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Argentine supermarkets, including local units of Wal-Mart Stores Inc., Carrefour SA and Cencosud SA agreed to freeze prices for 60 days amid inflation that accelerated last year to the highest in the hemisphere.
The United Supermarkets Association agreed to keep prices unchanged in their stores until April 1 during a meeting today with Interior Trade Secretary Guillermo Moreno in Buenos Aires, according to a statement from the Argentine Chamber of Commerce.