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Price Controls

As surging inflation takes a toll on Argentine consumers, the Argentine government affirmed on Tuesday that it would levy fines against supermarkets who fail to respect voluntary price controls that many stores and wholesalers agreed to in December.

On Monday, Venezuelan President Nicolás Maduro redoubled his efforts to lobby the National Assembly for special powers to govern by decree under the Ley Habilitante (Enabling Law). Just days before the legislature is expected to vote on the measure, President Maduro vowed to extend Venezuela’s ineffective price controls to all consumer goods.

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