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Adorni explained why last year he criticized monthly inflation of 8.4% and now celebrated 8.8% in April - Infobae
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Adorni explicó por qué el año pasado criticó una inflación mensual de 8,4% y ahora celebró el 8,8% de abril
El vocero presidencial fue objeto de críticas ayer, tras el nuevo dato del Indec, porque en noviembre pasado había publicado un mensaje en la red social X muy crítico respecto al índice de aquel entonces
www.infobae.com
May 15, 2024
The presidential spokesperson was the subject of criticism yesterday, after the new data from Indec, because last November he had published a message on the social network
El vocero explicó por qué criticó en noviembre un índice de inflación menor al del mes pasado
El vocero explicó por qué criticó en noviembre un índice de inflación menor al del mes pasado
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The spokesperson explained why he criticized an inflation rate lower than last month in November
In the last few hours, the Government celebrated the inflation data for April, which according to Indec was 8.8% , confirming a slowdown in price increases, and falling to single digits for the first time since October of last year. Even President Javier Milei described it as a “goal” and strongly supported the Minister of Economy, Luis “Toto” Caputo.
Beyond the data, one of the officials who was at the center of the comments on social networks was the presidential spokesperson, Manuel Adorni , since last year, when the inflation rate for October was known, which was 8.4% , published a harsh message on social networks against the then Government of Alberto Fernández.
“The level of decline is such that the government celebrates a monthly inflation of 8.4%, the same inflation that the countries in the region will take 3 years to accumulate. End”, was the message then from the current spokesperson, who yesterday, also on the networks, celebrated the 8.8% index corresponding to April.
Today, during the usual press conference held at the Casa Rosada, Adorni was asked about his different views on two similar indices, and his response was categorical: “ There is a big difference between celebrating 8.4% and seeing ahead a hyperinflation that celebrate 8.8% with a downward expectation . 8.4% was well measured in methodological terms, but the prices were fiddled with. There were a lot of prices in the economy that were underfoot, so that inflation would have been much higher,” he began.
Immediately, he did not hesitate to point out the management of Alberto Fernández for the high inflation that the country still registers: “ I only have to assign all inflationary responsibility to the previous Government. For a matter of monetary policy, and for the dynamics of fiscal policy, of public accounts, put whatever label you want, on the other hand it was compensated with uncontrolled monetary emission, which today is what we are paying for,” he stated.
Immediately, he said that he found the game on the networks “very funny” regarding the comparison of his two messages, but insisted that “ the situation in November has nothing to do with today's situation.”
“In November of last year, when I tweeted, what was being done in Argentina was devastating, reprehensible, and did a lot of damage to Argentina. To those who were part of the previous administration, I would call them to reflect because they are part of the scheme that generated what is happening to us today. “That 8.4% has nothing to do with this 8.8% ,” he stressed.
Adorni also explained the message on networks from the President, who once the April data was known, wrote “ GOOOOOOOOOOOOOOL...!!!”, along with a photo with Caputo during the Legislative Assembly.
“The President's tweet, or if you will, the President's celebration, seems to me that it was not a celebration, but was simply an expression of satisfaction for a job that is being done that is very laborious , that is carried out by a team absolutely wonderful economical and that, what's more, is giving results. What is happening is that from a context that one was immersed in a hyperinflationary tunnel, at 9% to round up, when in addition food and the core is below, these are things that we absolutely have to give ourselves the possibility of saying 'yes, absolutely we are doing a good job,'” Adorni said.
Yesterday, Indec reported that inflation was 8.8% in April and thus returned to single-digit monthly territory after half a year. The organization added that the interannual CPI was 289.4% and that in the first four months of 2024 the price increase accumulated by 65% . The Government is betting on rapid disinflation and, for that reason, hastened a reduction in the Central Bank's reference interest rates in recent weeks.
Without taking into account the increase in rates, the rise in prices shows a notable slowdown. This emerges from the core inflation data, which collapsed from 9.4% in March to only 6.3% in April. And everything indicates that this month it could even pierce the 5% level.
Thus, it is the first time since October that the Consumer Price Index (CPI) drops below two monthly figures. It is a trend that could not be broken since last October, when inflation was 8.3%. Later, in the midst of the presidential elections, it accelerated to 12.8% in November and after the devaluation of the exchange rate it accelerated to 25.5% in December, 20.6% in January, 13.2% in February and 11%. in March. Now, for April the Survey of Market Expectations (REM) carried out by the Central Bank indicated an inflation of 9 percent.
