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September 28, 2022
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Christina proposes a "more precise and effective intervention" against inflation and poverty

Christina proposes a "more precise and effective intervention" against inflation and poverty

Photo: Press.

Vice President Cristina Fernández de Kirchner assured that the increase in indigence “shows the impact of the sharp increase in food prices” and warned that “food companies have increased their profit margins very strongly”, for which she spoke in favor of “a more precise and effective intervention policy in the economic sector” to combat inflation and its consequences.

“Indec today publishes data on the decline in poverty from 37.3% to 36.5% in the first half of 2022. However, in the same period indigence increased from 8.2% to 8.8%, this shows the impact of the strong increase in food prices”alerted through a Twitter thread.

In this framework, he pointed out that “it is more than clear” that Argentina is “facing a phenomenon of inflation due to supply and not due to demand.”

“Food companies have increased their profit margins very strongly,” he remarked.

Given this scenario, he considered that “the Ministry of Economy has worked hard in all areas of its competence, but a more precise and effective intervention policy in the sector is necessary.”

Finally, the Vice President proposed “designing an instrument that reinforces food security in terms of indigence”.



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