Guzman: "It is essential that the purchasing power of wages grow"

Guzmán anticipated that April inflation will be lower than March

The Minister of Economy, Martín Guzmán, anticipated today that the Consumer Price Index for “April is less bad than March”.

The Minister of Economy, Martín Guzmán, anticipated this Monday that the Consumer Price Index (CPI) for “April is less bad than March”, when inflation climbed 6.7%, and stated that “It is obvious” that the increase in the minimum wage has to be brought forwardvital and mobile, which traditionally takes place in the second half of the year.

“We knew that March was going to be the worst month, April is less bad than March,” the minister said in an interview with Urbana Play radio.

The head of the Palacio de Hacienda acknowledged that the government has “a problem in Argentina with inflation,” and argued that “it must be firmly attacked.”

For this, he considered that “a consistent and credible economic program is required”

On the other hand, Guzmán assured that “it is obvious that there has to be some advance to ensure that the minimum wage grows in real terms.”

“We did the same thing with the reinforcement of income for the informal sectors, reacting immediately to what was the inflationary impact caused by the war in Ukraine”, highlighted the official.



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