President Cristina Fernández de Kirchner announced on Wednesday afternoon a 25.9 percent rise on the universal child allowance, going from $270 to $340 pesos.
The percentage is similar to the inflation rate considered by private consulting agencies.
Speaking again on a televised speech, the Head of State said the increase would signify a jump from $5.2 billion pesos to $29.3 billion in welfare resources and urged supermarkets not to increase prices anymore.
She also said the increase is comparable to spending a 2 percent of the GDP.
“We will ask all supermarkets and price negotiations who took part in all collective bargaining processes not to increase basic food products,” she said.
Fernández de Kirchner complained that every time the Government announces a price increase, supermarkets increase prices as well.
Fuente: Buenos Aires Herald