Although President Javier Milei assures that pensions are beating inflation, former Economy Minister Martín Guzmán assures that the minimum continues to lose. The worst fall is that of the bonus: 35% down since this Government took office.
Criticism of the Government continues for the presidential veto of the pension reform. The former Minister of Economy, Martin Guzmansaid on Wednesday that, contrary to what Javier Milei claims, The minimum pension has already lost 6% and he warned that the situation that retirees are experiencing “is desperate.”
“With the inflation data for the month of August (4.2%), a fall in the real value of the minimum pension of close to 6% during the current government is confirmed.“, he said Guzman in his X account. Although there was a 9.4% increase in mobile assets, the reinforcement bonus lost 35% of its purchasing power, compared to the previous presidency.
The August inflation figures consolidate a “desperate” scenario for millions of retirees, Guzmán said. “Fiscal regulation, which is absolutely necessary, will disrupt Argentina if it is implemented by destroying the lives of millions of defenseless people and harming our productive system.”“, he added.
For the former Minister of Economy of the Frente de Todos, the direction chosen by the Government is not the right one. “This is not a path to progress, It is a path of indignity. And yes, things can be done differently,” warned.
Official: inflation accelerated in August and reached 4.2%
The August inflation accelerated compared to the previous month and It failed to reach the much-desired 4%: it stood at 4.2%, and the cumulative total for the year was close to 95%according to the National Institute of Statistics and Census of the Argentine Republic (INDEC). The figure exceeded the forecasts of the Market Expectations Survey (REM) which publishes the Central Bank.
The sector that includes Housing, water, electricity and fuels advanced 7% in August and led the increases in all segments. According to the official body itself, it was due to Increases in the costs of rent, water, electricity, gas and fuel. He followed him education that shot up 6.6% for the progress in the quotas of the different levels and types of education; and transport with 5.1% due to the increase in public transport fares.
One of the facts to highlight is that core inflation also accelerated, reaching 4.1%. Thus, in recent months, far from falling, It bottomed out at 3.7% in May and June, then rose to 3.8% and then settled at its current level. The categories are completed by regulated prices, with 5.9% due to increases in public service rates, while Seasonal sales increased by 1.5%.
Source: Ambito
