The official maintained that the results of the past legislative elections, the wait for the closing of the agreement with the International Monetary Fund (IMF) and the pressure on international reserves pose a “difficult” scenario.
“However, we do not have an acceleration -of inflation- It will not be worse than in 2021, that way it could be better. The agreement with the IMF is very important, that reserves are recovered and that the level of economic recovery is maintained “said the national official. Last year, annual inflation measured by INDEC accumulated 50.9%.
In this regard, he stated that “If all this is put in order, a longer-term maturity horizon is created, reserves are accumulated, and the private sector continues in this dynamic, I believe that the inflation of 2022 is not going to worsen compared to 2021.”
Along the same lines, he considered that the agreement with the IMF “is going to lower the negative expectations about the economy and that the baskets that we are putting together and that are working will begin to act as an anti-inflationary anchor. In the gondola it is seen that they are beginning to act, for I think that in March we will be in a more comfortable situation for the index”.
On the other hand, in the face of a possible rise in the price of bread up to $300 per kilo, Feletti mentioned that they are working on the construction of a wheat trust, which allows decoupling the domestic value of the cereal from the international ones.
“We are doing what we did in the oil: those who export contribute to some extent to ensure the price of the domestic market in a kind of average. In the case of cooking flour and noodles we need 700,000 tons of wheat, compared to 18 million that were harvested does not seem like an outrage,” he explained.
However, he stressed that “in the case of bread it is more complex, because the demand for wheat is greater, although the impact on the final price is lower. We are going to call the bakers, explain what we are doing and conclude the trusts.”
In addition, he reported that the Secretariat is “Working in a basket of local businesses, because regulated meat cuts and Careful Prices reach the large chains, but they do not permeate local businesses.”
Source: Ambito
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