Martín Guzmán anticipated that April inflation will be "less bad" than March's

While waiting for the official report from INDEC (National Institute of Statistics and Censuses), on what will be the inflation April, Martín Guzmán announced that it will be “less bad” than March.

Although the Minister of Economy did not provide an official figure, he assured that the price index yes it will go down a bit, however the inflation will remain high, even through June, analysts say.

Martín Guzmán anticipated that April inflation will be "less bad" than March's — The purchasing power of Argentines has decreased in the last year.

“We knew that March was going to be the worst month, April is less bad than March,” said the minister, meanwhile private consultants project that the floor of the inflation in April it will be around 5.7%.

This, mainly due to increases in the food sector, which is estimated to have grown by 4%, and due to the effects of the war, for which the price index could even be above 6%.

The Government seeks to regularize food prices.

In this regard, the minister pointed out that Argentina has a historical problem with inflation, and therefore, “it must be attacked firmly” and under an economic program that meets current needs.

“It must be firmly attacked and for that a consistent economic program is needed, to help economic recovery, increase reserves and lower the fiscal deficit,” said Guzmán.

The minister indicated that “real wages must grow.”

Along these lines, the minister affirmed that “what Alberto Fernández proposes today is something that makes a lot of sense for Argentina”, since the Government has designed several strategies to reduce the fiscal deficit and the inflation.

How high will inflation be in the coming months?

After a historical figure in March of 6.7%, analysts project that during May and June the price index down, however, during these months there will be new increases, especially in electricity and gas rates.

Guzmán affirmed that reducing inflation is a priority in his administration.

Meanwhile, according to the projections, April would have a floor between 5.5% and 5.7%, although it is not ruled out that the figure is around 6% or above this value.

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