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Javier Milei referred to February inflation: “It seems that it is below 15%, it is a big number” - Infobae
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Javier Milei se refirió a la inflación de febrero: “Parece que está debajo del 15%, es un numerazo”
El dato estadístico será revelado por el INDEC durante la tarde de hoy. “La mejora la estás viendo, y la gente la está viendo”, aseguró el Presidente
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March 12, 2024
The statistical data will be revealed by INDEC this afternoon. “You are seeing the improvement, and the people are seeing it,” said the President.
Javier Milei Sobre La InflacioÌn De Febrero
Javier Milei Sobre La InflacioÌn De Febrero
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Javier Milei On February Inflation
President Javier Milei anticipated today that February inflation will be “below 15%,” something he described as “ a big number .” In this sense, he assured: “ You are seeing the improvement, and people are seeing it .”
On the other hand, and in dialogue with Crónica , he stated: “The conditions are not yet in place to open the stocks, it is not clear to me that if I open there will not be a bullfight; "I prefer to wait than take care of my health."
The statistical data on February inflation will be revealed by INDEC this afternoon. The official expectation of a fall greater than market estimates is reinforced with the decision of the Central Bank known last night to lower the monetary policy interest rate from 110% to 80% (TNA) .
When explaining the result of the zero deficit economic program, Milei detailed: “In the first week of December, prices were growing at 1% daily, that annualized gives you 3,700% inflation; When you took the first two weeks of December, we had not yet assumed, they were already reaching 7,500% annually. If you take the wholesale inflation of December, which was 54%, annualized it gives 17,000%, that is, they left us with hyperinflation.”
And he added: “The CPI was already running at 30% in the third week and ended at 25%, there was a retraction. They left me with an economy that had been traveling at 54% in wholesale. Now, as a consequence of the fact that we implemented a very tough stabilization program, by not generating monetary issuance, prices could not continue growing at the rate they had been. From there, December inflation was 25%, January inflation was 20%, and (February inflation) seems to be below 15%, a great number.”
Manuel Adorni se refirió a la reunión de Caputo con empresarios de supermercados
Manuel Adorni se refirió a la reunión de Caputo con empresarios de supermercados
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Manuel Adorni referred to Caputo's meeting with supermarket businessmen
Regarding this, the President assured that once the impact has been overcome, the increases in prepaid bills and rates, which are “once and forever, and have to do with price adjustments, you will have to subtract five from the number you see. percentage numbers, and when that happens you will have single-digit inflation.”
Along these lines, Milei also referred to the announcement made by presidential spokesperson Manuel Adorni about the opening of food imports . “When we started the Government, there were people who did not believe that we were going to do what we are doing. We are surprising everyone. The IMF staff itself tells you. And one of the things that happens is that the businessmen were pricing the goods with one dollar at 2,000 or 3,000 pesos.”
And he added: “When they find that we do not validate this aberration, those prices became outdated. Then they started doing promotions. 2x1 is coming, 3x2 is coming, non-linear pricing. Depending on the quantity you buy, the price you have. And that cannot be well captured by the price index. What the minister (Luis “Toto” Caputo) did is talk to businessmen and basically asked them to be honest with prices and open imports. Here dairy bread is four dollars and in any supermarket in the world it does not cost more than 2 dollars.”
In his usual press conference, Adorni stated: “At the meeting, the businessmen recognized price increases above the inflation expectation and, of course, that the scenario that the businessmen had evaluated was catastrophic, something that has not happened.” .
"We understand that the economy is gradually normalizing and along these lines the decision has been made to definitively open imports of certain products in the family basket in order to make prices more competitive for the benefit of families and consumers. Argentines,” the official reported.
The official also added that there will be “some tax relief” on imported products to help correct prices.
