After knowing the data with inflation for November, which was located at 4.9% and was much lower than what was projected by the market, 6%; Sergio Massa He assured that “the goal is for inflation to reach 3% in April.”
The Minister of Economy explained that what happened with prices in the last month is a clear reflection of the effect of the measures taken by the Government to slow down inflation, which is one of the main objectives of Sergio Massa.
In that sense, Sergio Massa He explained: “120 days ago we set out with economic measures and with agreements (to) achieve a progressive drop in inflation every 70 days.”
Although the head of the Palacio de Hacienda maintained that the data published yesterday by the INDEC (Institute of Statistics and Censuses) is “encouraging”, he affirmed that “an effort must continue to be made to recover the level of income from wages”.
This is because the government’s objective is for the figure to drop even more so that wages do not really lose against inflation. “We are still not happy with the number, which is still high for what we intend to be the recovery of purchasing power. To recover purchasing power, you have to recover income and, in parallel, lower inflation,” he said.
Likewise, he stated: “We are convinced that we have the responsibility of ordering Argentina macroeconomically. In the meantime, we have the task of building together a path to lower prices that gives people peace of mind and that allows us to recover income”.
It should be remembered that the data for November is the lowest since November and the third of the year; nevertheless, an annual increase of 85.3% accumulates, while interannual inflation reached 92.4%, the highest figure in the last 30 years.
Sergio Massa projected greater growth for the country
The head of the Palacio de Hacienda He also maintained that “the economy this year is going to close above 5%”; at the time, he stated: “I am sure that next year’s growth will exceed what we proposed in the budget”.
“Obviously, in terms of fiscal measures, we are closing the year with the objectives that we set ourselves in terms of fiscal order, which established a 2.5% deficit. We are meeting the objective of recovering the demand for pesos based on returning to to have a positive rate, we are recovering the reserves, we are closing the year with more than 7 billion dollars of available reserves and, in addition, with an additional 5 billion available for operations with China”, he stressed.
