Your assessment of inflation
“Prices keep rising and that’s true. We are not satisfied with the 5.1% of the month of DecemberYou can’t cover the sun with your hand. We had inflation of 94% and it is something that we are concerned and occupied. The solution is not magical,” the official said in radio statements.
The secretary held that “The results can be seen as time goes by and only if the macroeconomic condition of having tax orderof accumulate reserves“.
Within this framework and without making direct reference, Tombolini rejected a devaluation or measures of a similar nature to channel macroeconomic variables. “Argentina cannot be discussed in solutions that are going to suppose shocks that leave out the vast majority of society. non-shock solutionsbut realism translates into the road map of the minister (Sergio) Massa“said the secretary.
pricing policy
Tombolini defended the pricing policy approach at a time when different reports emerged that show that the January inflation will be above 5%moving away the official objective of reducing it to less than 4% for april.
About him “Careful Prices” program He commented: “Compliance is mixed. Stock compliance is around 70%, fixed prices 98% and price trail 88%. The most important challenge is that the product is on the shelf”.
Regarding the continuity of the program, he commented that “work is being done to try to standardize the entire price agreement.” “We are convinced that there is no economic program that can function as a function of telling society that it has to be worse to be better”he stressed.
Source: Ambito
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