After achieving a decline of the Inflation in April (2.8%) after the rebound in March (3.7%), the government seeks keep the deceleration a few days after the end of the month. The renowned economist Orlando Ferreres He analyzed that in recent weeks There were no great variations in prices And he anticipated that the May consumer price index It will be located by below 2%.
The specialist shares the same line of thought as the president Javier Mileiwho stressed that “without monetary issuance and with less public spending, inflation will be over.” While he considered that This look is “a little optimistic,” he said that the CPI “is going down and the results are good.”
In turn, he highlighted the social changes that brings the inflationary decrease: “That reduction of inflation brings as generalization a increased real salary and a decrease in poverty also“He said in dialogue with Channel E.
Orlando Ferreres predicted an increase in wages
Regarding income, he pointed out that the offer for the public sector is of a “0% increase”although in the private sector “is freer.” In addition, he said that “informal ones have A slightly higher increases because in the past the consequences of the recession suffered a lot. “
In that sense, he analyzed that the increase in this sector “can be 3% in this month” and, in case inflation is effectively around the two points, “the demand would increase 1%.”
“The formal private salary and informal private salary would increase, while public salary will reduce the increase in inflation because there are no salary increases in the public sector,” He added.
The economist stressed that, “this is the scheme that the government defined, it makes priority in October elections and until that moment no devaluation or anything like that will happen“He anticipated and argued that the objective of the Executive Power is”keep down inflation and that it reaches figures as similar to possible. “
Anyway, the economist warned about the limitations that the current exchange rate can mean, since he pointed out that this price “not many reserves are achieved, practically do not increase.” “Reservations are almost all debts that are with the IMFthe swap with China and the majority are borrowed reserves“
Source: Ambito
