The senator and leader of Cabildo Abierto criticized the government for flattening the dollar so that inflation does not increase.
The lobbying senator Guido Manini Ríos commented on the management of the dollar and the exchange delay by the government and assured that the country “is dying with its eyes open” by wanting to iron the foreign currency to avoid an increase in the inflationa measure that is affecting the competitiveness of the productive sector.
Manini Ríos commented that the dollar It is at the same price or lower than in March 2020 but inflation since that moment was 30%, a phenomenon that the senator classified as inflation in dollars.
“Already in 2020 the Uruguay It was a very expensive country, today it is more expensive, much more expensive, and this is generating very serious consequences. Jobs are being lost in the tourism and productive sectors, so more and more assistance is necessary,” lamented the senator.
In that sense, the lobbyist leader assured that it is a situation that has been worsening over the years, where the only ones who survive are the strongest and small and medium-sized companies suffer the consequences, directly affecting the national industry. “We are dying with our eyes open. We are going to change that reality, we are going to prioritize national work once and for all,” he assured.
What is inflation in dollars?
In mid-March, the UCU published a report by the economist Javier De Haedo where he warned that expectations for the end of the year indicate a Dolar blue to 1,611 Argentine pesos, with an inflation of 210%, so “an additional increase in dollar prices” is expected in Argentina.
At the same time, in this scenario, he anticipated that it could become “imported” inflation in dollars, since a competitor would leave the scene in several consumer items that, in some way, limited prices in the Uruguay.
In relation to these forecasts, the economist and academic director of the Catholic University of Salto, María José Medin, assured Ambit which is a factor that could occur in certain sectors of the Uruguayan economy.
“This can happen in some services that had a lot of low price competition in Argentina, but it will not happen in food and beverages. Prices in Uruguay are already high and the import of inflation can occur in some sector related to services,” he explained.
Source: Ambito
