2023-08-25 23:49:52
He national government postponed financial support announcements to cushion the rise in prices that caused the devaluation ordered on August 14 after the STEP, which was going to be carried out by the Minister of Economy and presidential candidate of Unión por la Patria, Sergio Massa.
Although Massa, and this morning the President of the Nation himself, Alberto Fernández, indicated that today these measures would be known, the passing of the hours led to an empty day.
This situation led to a series of rumors since for several days from the Palacio de Hacienda it was made known that since Massa’s return to Argentina a series of announcements would be unleashed – “two per day”, was the promise – until the end of next week.
Even this morning in La Pampa, when asked by the press, Fernández confirmed that “later” Massa would make the decisions known: «(The minister) is going to begin announcing the measures that I said we were going to take in favor of the most vulnerable sectors and those who work, who have suffered a decline in their income as a result of the devaluation and inflation that a fixed sum, correction in the income of retirees in the AUH on the food card. All the sectors that have been affected by what has happened in the economy.
“They will have to wait for the minister to specify the measures, This government does not forget the most vulnerable or those who work, “said the president.
The wait was fruitless.
even transcended a Massa’s strong anger at the President’s meddling in the presidential candidate’s agenda.
The lack of coordination and communication between government areas shows serious shortcomings in the leadership of the country in an otherwise complicated transition.
The dramatic inflation forecasts for August
Meanwhile, reports are mounting showing that inflation is installed in double digits.
The weekly work of the LCG consultancy revealed that in lIn the fourth week of the month, the price of food increased 2.3% compared to the previous period.
In this way, in the sum of the last four weeks food accumulated an increase of 10%. Meats (3.9%), fruits (2.2%) and vegetables (2.2%) were the items that led the increase.
For its part, the latest study by the consulting firm Eco Go carried out on the third week of the month, reflected a 4.8% variation in food prices.
“With this data and considering a projection of weekly variation of 4.0% and 2.5% for the next two weeks of the month, inflation for food consumed at home in August would climb to 12.2% per month. If we also consider the evolution of food consumed outside the home (12.5%), inflation in food would reach 12.2%”, he explained.
while the Libertad y Progreso “inflation is clearly in double digits”although he did not specify the percentage since the latest data collected is still being processed.
While Camilo Tiscornia of C&T estimated that in the last week prices increased 6%, averaging in the month an increase with a floor of 10%.
It should be remembered that for Free Consumers in the the first fortnight the increase in food had been 4.08%.
The government tried to impose a new list of “Fair Prices” with scheduled increases of 5% per month, but it collided with the position of the producing companies that were not willing to give in to inflation.
This also caused a cross between the minister and the companies that has not yet been resolved.
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