“Decemberaccording to the projection of the Secretariat of Economic Programming, I would also be with the 4 ahead. We will see when INDEC publishes,” he said. Sergio Massa. The head of the Palacio de Hacienda highlighted the drop in the cost of living from the moment he took office and assured that in April the Consumer Price Index (CPI) will give a number “starting with 3”. “That was exactly the goal we set ourselves. We started with inflation, which was at 7.4% and In the first sixty days we parked at 6% 6.4%, 6.3%”he pointed.
“In Economy we aspired for November and December to park with 5% and, in January, try to park around 5%. The November number caught our attention because it was produced mainly in food and clothingwhich were the two most important agreements that we closed, a very strong slowdown,” he remarked.
And, in addition to assessing the decline in inflation in recent months, he insisted that His goal is to reach April with a price index “with the 3 ahead”because “inflation, to my liking, is still high” and because “the worst enemy of wages is inflation”.
The official inflation data for December will only be released on Thursday, January 12.. The Minister of Economy affirmed that the growth of the Gross Domestic Product (GDP) in 2022 it will be “well above 5%” and he remarked that “inflation can be fought and spending can be ordered without cooling the economy and making painful adjustments,” in an interview with the newspaper Profile.
Too assured investors that “they will have our full support” and urged that “we work to recover the income, because the middle class and the Argentine laborers had a bad time.” Finally, he indicated that his expectation for 2023 is to “grow more than three points” in GDP, and remarked that “the road is credit recovery, recovery of consumption capacity, and the other great path is the recovery of income”.
Regarding the exchange market and the dollar, Massa defined that his goal is “to build a path that leads us to a regime of exchange normalization and access to the capital market”.
