Milei pointed out that February inflation “is on its way to 15%”, which he considered a good figure after the 25% in December and 20% in January. Tomorrow the INDEC data will be known.
“(The increase) is less than that of the first week of February, which had been less than that of January. In the first week it always increases,” explained the president.
Reuters
President Javier Milei He anticipated a “very complicated” March in terms of inflation, but at the same time stated that “it is collapsing” due to a strong contraction in the amount of money in circulation. This Tuesday the February data, which will be reported by INDEC.
“March is going to be very complicated because it has a very dense seasonality issue, but I do not rule out that in April there will be a sharp drop in inflation,” said the head of state during a television interview.
Milei pointed out that February inflation “is on its way to 15%”, which he considered a good figure after the 25% in December and 20% in January. In this context he emphasized that: “Inflation is collapsing.”
He then admitted that, in the first week of March, there was an acceleration in food prices, but explained that it is a seasonal symptom.
“(The increase) is less than that of the first week of February, which had been less than that of January. In the first week it always increases,” explained the president.
Likewise, he explained that if “the statistical drag were cleaned, the increase in rates and prepaid payments, which were due to repressed inflation, would fall to single digits.”
Milei stressed: “70% of people are convinced that we are going to defeat inflation. 80% believe that we will do it in a year and 20% that it will take longer.”
The President stressed that “the previous government put 30% of GDP into emissions and it was obvious that it was going to explode.”
Source: Ambito
