Inflation
In making the understanding known, Massa maintained: “The inflation data reassures us because we have been following a path of reducing inflation.”
“We took office 4 months ago with seven and a half points and we have been gradually managing to lower inflation. We are not satisfied, we have to continue lowering inflation and that requires meeting the goals of the fiscal order, the accumulation of reserves to strengthen our currency and propose a model of development with inclusion”, he stressed.
In addition, he assured that “medications in people’s daily lives are super important” for which he thanked “the effort” of the businessmen in participating in this agreement.
“We are convinced that we have the responsibility of ordering Argentina macroeconomically. In the meantime, we have the task of building together a path to lower prices that gives people peace of mind and that allows us to recover income, ”he indicated.
INDEC data
According to INDEC, the CPI for the year registered a variation of 85.3% Y in the interannual comparison there was an increase of 92.4%the largest in more than 30 years.
With the CPI for November, the sharp slowdown in prices is confirmed, since the October measurement had been at 6.3%. 4.9% is the third lowest monthly data of the year behind February (+4.7%), and January (+3.9%).
Seven items were above the general measurement. Thus, the largest increase was for Housing, water, electricity, gas and other fuels (+8.7%). According to INDEC’s own report, it was due “to the increase in electricity and gas services as a result of the segmentation of rates throughout the country, and specifically in GBA, and the increase in water also due to segmentation.”
Source: Ambito
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