The Minister of Development and Production, Matías Kulfas, recognized that the projections regarding the inflation April could be just as grim as March, when price rises averaged 6.7%.
Although the Casa Rosada hoped that this month there would be a less pronounced curve in the indicator, the international economic situation has severely undermined the Executive’s expectations. Although the official did not detail how much the inflationdid not rule out that it is like the one in March.
“This is a complex moment, but inevitably much better than the one we were experiencing in the middle of the pandemic or during 2018 and 2019,” said Kulfas, who stressed that, despite variations in the inflationthe Argentine economy recovers.
April inflation is not good. We do not expect a pronounced drop, that will happen in May.
In addition to the war between Ukraine and Russia, Argentina has its own problems, such as the questioning of profits between producers, distributors and big businesses. Kulfas assured that the impact of prices It could have been stronger, but the Executive has promoted actions to mitigate the effect on the pockets of the population.
Kulfas says the country is on the right track
Matías Kulfas insisted that there are many things in favor of Argentina at this time, for example, the increase in jobs, which even exceeds the pre-pandemic level. “We are at the lowest level of unemployment in the last six years, poverty is falling and production is being reactivated,” he assured.
He acknowledged, however, that a drop in inflation It would improve the feeling of well-being among the population. “If it fires again, it generates in many sectors anxieties and discomforts that we share and that is why we react with the reopening of parity or with bonuses for informal sectors,” he stressed.
