For the Government, January inflation at levels of 20% is “a good indicator”

2024-02-01 17:11:00

At the end of January, some private measurements began to appear on the consumer’s price index of the first month of the year and, following the data that exceeds 20%, the government considered it a “good indicator.” This was stated by presidential spokesperson Manuel Adorni in his traditional daily press conference, where he also referred to BOPREAL and highlighted that following placing the entire first series “today it is positioned as the fourth role of the five, most negotiated.”

Regarding the CPI for the first month of the year and the variation that would be registered in the first month of 2024, Adorni commented: “Inflation for January would be around 20%according to the indicators and the first measurements that come to us from some private consulting firms.”

January inflation: consulting firms predict a slowdown following the December peak

It should be noted that the December inflationfollowing the mid-month devaluation and the deregulation of the economy, was 25.5% and led to annual inflation in 2023 climbing to 211.4% and becoming the highest inflation of any country in the world.

It is worth considering that the aforementioned period recorded the last days of Alberto Fernández’s administration and the first of the Libertarian Government.

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When referring to the CPI, Adorni noted at the conference that he wanted to refer to “some good indicators,” and among them he pointed to inflation.

President Javier Milei also said a few days ago that if the December figure were replicated in January (around 25%) it would be “a tremendous success.”

On the other hand, he reported that the International Monetary Fund (IMF) “completed the seventh review” of the agreement for the debt that the country maintains with the financial organization, and “approved the transfer of 4.7 billion dollars.”

Regarding the visit of the Chief of Staff, Nicolas Posseindicated that “it was not related to any complications” with what was stipulated in the agreement.

De Pablo: “January inflation looks less than 20%”

In this train of counting “good indicators that we have received”, spokesman Manuel Adorni referred to the “famous BOPREAL to regularize debt with importers was a complete success,” he noted. According to the data he provided, the maximum amount stipulated for the first series was reached and today it is positioned as the fourth paper of the five most negotiated,” he indicated.

LR

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