Argentina Freezes Supermarket Prices To Halt Soaring Inflation; Chaos To Follow

by Tyler Durden
Zero Hedge
Feb. 05, 2013

This will lead to empty store shelves Zimbabwe-style, additionally it will create a massive black market in food, criminalizing almost everyone, and raising the price of food due to the increased risk of "trafficking" in it. Of course, the government says call them to report any "criminal" grocers trying to skirt the law. - ChrisUp until now, Argentina's descent into a hyperinflationary basket case, with a crashing currency and loss of outside funding was relatively moderate and controlled. All this is about to change. Today, in a futile attempt to halt inflation, the government of Cristina Kirchner announced a two-month price freeze on supermarket products.

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