2023-10-31 12:10:44
There is real inflation and contained inflation. We see the first daily when we shop, or monthly when the alarming inflation rates are published. The second is still imperceptible, but it is future inflation resulting from the non-disclosure of various prices of the economy that, for electoral purposes, Sergio Massa has decided.
After the 22% devaluation of August 14, agreed by the Minister of Economy with the International Monetary Fund (IMF), It has been decided to implement a package of measures aimed at partially compensating for the inflationary effects and not eroding the flow of votes of the ruling party. ahead of the elections last Sunday, October 22.
Some of these measures consist of the temporary freezing of key prices of the economy, which in some cases expires today, October 31. If there is no new agreement, a significant increase in the price of these goods is expected from tomorrow.
The 3 prices that the Government might unfreeze tomorrow, November 1, are the following.
Fuels
Today the freeze on fuel prices endswhich Sergio Massa had agreed with the oil companies in August following applying a 12.5% increase.
Fuels are a key input to the economy, with notable influence in the formation of other prices, so the disclosure of this price might have a considerable effect on inflation.
Medicines
In August, the Government had agreed with the laboratories to freeze the price of medicines. It ends today, October 31.
If there is no extension of the measure, the unfreezing of these prices would have a particularly strong impact on the purchasing power of retirees from next month.
Cars 0km
Today the price freeze of nine 0km car models endsagreed in September between the Ministry of Commerce and the automotive factories located in Argentina.
The models included range from small cars to pickups, so Its update would impact high-income social classes and/or the structure costs of some companies.
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