Social networks were the space for celebration by officials and leaders of Freedom Advanceswho praised the dissemination of the new figure of inflation: 2.4% in November and 112% over the course of the year.
The most relevant publication was that of the Minister of Economy Luis Caputo: “2.4% retail inflation in November; the lowest since July 2020.” Then, he anticipated a possible change in the monetary policy of the current administration: “The disinflation process continues. Getting closer to lowering the crawling peg to 1%“.
Within the Cabinet, another of those who celebrated the news was the minister Federico Sturzenegger: “One more thing happened in the disinflation. The number of foodstuffs, in turn, allows us to anticipate a growth in real wages in food and therefore a reduction in poverty indicators“. More concise was the message from the presidential spokesperson Manuel Adorni: “Inflation in Argentina RIP.”
Despite Freedom Advances does not have organic mayors, there is increasingly a greater rapprochement of communal chiefs of the PRO. In that framework, Diego Valenzuela (Third of February) said: “From 25.5% to 2.4% in November, inflation continues to slow. To paraphrase Clinton, it was fiscal and monetary policy, stupid!”
Among the libertarian deputies, the president of the bloc, the Cordoban Gabriel Bornoronicelebrated that “inflation continues to decline in Argentina Javier Milei. Dedicated to all those who still haven’t seen it. For the first time in decades, we Argentines are going to spend the holidays without inflation.” He also expressed José Luis Espert: “2.4% inflation in November. The lowest of the year and the lowest since July 2020. This is the path of the new Argentina“.
For his part, the Buenos Aires legislator Ramiro Marra posted: “Not only the lowest inflation in 4 years was reachedbut inflation in “food and beverages” (the most sensitive item for vulnerable sectors) is already below 1%. “We are about to annihilate one of the biggest concerns of Argentines.”
November inflation slowed to 2.4% and accumulated 112% in the year
For the fourth consecutive month the inflation continued its path in the deceleration. Thus the CPI of November It stood at 2.7%, even below the October figure of 2.7%. While inflation accumulated rose to 112%, while the year-on-year fell to 166%, as reported this Wednesday the 11th by the National Institute of Statistics and Censuses (INDEC).
Seven divisions were located above the general measurement, among which are: education (+5.1%), dwelling, water and electricity (+4.5%), alcoholic beverages and tobacco (+4%), restaurants and hotels (+3.6%), transport (+3.4%), and recreation and culture (+3%) and health (+2.9%).
The smallest variations in November were observed in the home equipment and maintenance divisions (+1.5%) and food and beverages (+0.9%). At the category level, regulated (+3.5%) led the increase, followed by Core IPC (+2.7%), while seasonal decreased 1.2%.
The Patagonia It was the region with the largest monthly increase (+3.3%), followed by Greater Buenos Aires (+2.6%), followed by: Pampeana (+23%), Whose (+2.1%), Northwest (+1.9%) and Northeast (+1.8%)
Source: Ambito
