Milei reaffirmed the direction of his economic program by stating that “the inflation will continue to decline in the coming months”, after the INDEC reported that September once again showed a drop in CPI at values of 3.5%. According to him, the Price Index is at “own” levels of the 1% monthly because last month’s rate has 2.5% “induced inflation” by the crawling peg of the 2% and the rise in international prices.
The libertarian went further by ensuring that, in some sectors, there are “deflation”, and he gave the food sector as an example. “In September there has been deflation in imported products and in recent weeks deflation has been seen in food,” he assured.
Tonight, Milei also assured that the increase in basic basket in September it was 1.7%, what he considered as “very important” given that along with the evolution of the income It is an indicator to analyze the rates of poverty, who are currently in the order of 52.9%.
“We basically work with scenario hypotheses and based on that we move, but I leave the projections and that to the people who are dedicated to doing that type of things,” he added. Milei, with respect to future indices.
Javier Milei on the exit from the stocks, retirements, consumption and his relationship with China
At another point in the interview with the TN channel, he spoke about the restrictions that govern the exchange market. And although he reaffirmed that the objective is to open the economy, He avoided giving a date on the exit from the stocks. According to him, it will be done “when the conditions are right,” although he stressed that “today it is much closer.”
“I am a libertarian liberal, there is nothing I hate more than that which restricts the freedoms of individuals, but I am not willing to leave at any price.”Milei reiterated, as he maintained during the Monetary Days ofl BCRA, last Tuesday. “Many, especially the Kirchnerists, believed that we were going to open the trap on the first day,” he indicated, but the situation of the national accounts that the government found itself does not allow it yet.
Despite not specifying when the restrictions will be eliminated, he announced that the cuts in the State will be deepened, in reference to the “deep chainsaw” announced by the Minister of Deregulation and Transformation, Frederick Sturzenegger. “He talks about the deep chainsaw, deep chainsaw, and yes, the chainsaw never stops, in our government it will never stop,” he said tonight.
Milei once again assured that both the workers’ income and the assets of the retirements increased, despite the sharp drop they registered if the official calculation devaluation December, which led to a inflationary jump of 25% at that time. In any case, the President stated that “the prices of the products that consumption by the lower classes rose at a lower rate than inflation”, so “consumption is reactivating.” Figures of the Scentia consulting They say the opposite: in September, the indicator fell more than 20% annually in super and self-service.
He President He also spoke about his relationship with China, in a new approach, after months of strong criticism and accusations. In the new line of positioning, he defended the Asian giant’s link with the world and its trade policy. And as he announced weeks ago, he confirmed that he plans to visit in January, to attend the summit of the CELAC.
“Relations with China are excellent”he said tonight and added: “They surprised me because they are an extremely friendly partner, all they want is to not be bothered. They want to be a business partner.”
Furthermore, he stated that Argentina has “the products that China needs” so “there is a mutual welfare gain to exploit trade opportunities.”
Source: Ambito
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