The president of the National Business Council (Conep), Pedro Brache, stated the need to know beforehand if the government has plans to continue in the medium and long term the present trend for weekly increases in fuel prices. He said if the situation continues there would be increases in consumer products.
Nevertheless, Brache explained that raising prices in the country is not easy. “We compete with products from many countries, and then increasing prices is not as easy as before,” he said. He said the fuel increases are affecting the costs of the industries. But that it is unlikely prices will go up in December because inflation has been low and there is lots of competition. He said the Consumer Price Index has been stable with the exception of the weekly fuel price increases.
Brache made the statement when visiting the National Congress where his father, Julio Brache Arzeno was recognized for his contributions to the development of the country.
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Listin Diario
16 November 2017
