A recent report from the Ministry of Deregulation and State Transformation highlights the positive impact of the reduction in the PAIS tax. Despite the increase in the official dollar exchange rate, prices of imported products have not increased, showing an average drop of 2.4% in imported food and beverages, reaching in some cases up to 10%.
In contrast, national production goods experienced an average increase of 3% during September, similar to the index reported by INDEC. According to experts from the Ministry, this increase is due to the structural inflation present in production and distribution costs at the local level.
The measure implemented by the Government, which reduced the PAIS tax by 10 percentage points, has had an immediate impact on the prices of imports, providing relief to families in a context of constant inflation. Consumers are already seeing these changes reflected in the prices of products in stores.
The tax reduction has generated a decrease in import costs, which translated into an average drop of 2.4% in the prices of imported food and beverages, marking a difference with national products, which have followed the inflationary trend despite the increase in the official dollar exchange rate.
In September, a key measure for consumers was formalized: the reduction of the PAIS tax to 7.5% on the use of dollars for payments of imports of goods and international freight. This action managed to offset the effect of the dollar increase, stabilizing and even reducing prices of various products.
Among the items that recorded significant declines are canned goods with a drop of 10.3%, followed by cookies with 4% less, and jams with a reduction of 2.7%. This decrease in prices directly benefits consumers, demonstrating the immediate impact of the tax cut on final prices.
