Before the INDEC releases the national inflation data, the economist recommended that the Government not “do things wrong” if inflation from now on does not fall as quickly as expected.
Within hours of knowing the September inflation data and that the market is betting that it will be located below the symbolic value of 4%, the economist Juan Carlos de Pablo He recommended that the Government not “desperate” if the consumer price index (CPI) does not fall quickly, since that desperation, according to the specialist, leads to “doing batons.”
“Here we must tell the Executive not to despair if inflation does not fall violently, because that leads you to do tricks, such as delaying rates or drawing the index. I don’t see the economic team doing that,” said the economist in an interview with Radio Continental.
In that sense, he also lowered the tone of the social discussion and stated that if the Government is “demanded” for a “brutal drop in the inflation rate”, this causes the Executive to become desperate and prone to commit “scams” such as those previously mentioned.
September inflation
He survey of market expectations (REM) estimates that the price variation is 3.5% in September and that it does not pierce the 3% floor until April 2025. This Thursday, the National Institute of Statistics and Censuses (INDEC) will release the national inflation data.
As a preview of the national CPI, this week it was learned that the City’s inflation measurement was 4%. Therefore, The specialist assured that inflation “will be between 3 and 4 percent”.
Juan Carlos de Pablo’s warning to the Government about inflation
Along the same lines, the economist warned that although the measurement will be below 4% in September, he considered it “serious” that the Executive wants to continue lowering the CPI and makes mistakes.
“All the estimates that I saw start with 3% ahead, so it is going to be at that level. But the serious thing would be if in October a wing of the executive branch wants to continue lowering that number by any means possible, believing that if they don’t “Everything goes up in the air,” he warned during an interview with El Observador.
And he added: “If that happens, they are going to do batons, draw indices, freeze prices, bet that the reduction in the PAIS tax will have an impact from one day to the next, and as an economist you know that these things do not happen overnight. in the morning.”
Source: Ambito
