President Cristina Fernandez de Kirchner

Argentina has frozen gasoline prices for six months in another bid to tame the rampant inflation plaguing the economy and biting into the government's support in the run-up to midterm congressional elections in November.Prices at the pump will be locked in at April 9 values for six months, according to a resolution published in the government's official bulletin Wednesday.The move is aimed at "preventing speculative or distortive conduct in the provision of products and services," reads the resolution signed by domestic commerce secretary Guillermo Moreno, the government's price-control tsar.The cap on gasoline and other liquid hydrocarbon prices follows a similar government clampdown on supermarket chain price increases through the end of May in an attempt to keep a lid on inflation that private forecasters say is running well above 20%. Analysts blame the high inflation on the central bank's policy of financing government spending. One measure of the money supply tracked by the centr...

Read More ›