Argentina's monthly inflation rate could fall below 10% in April, showing the government's policies are working, President Javier Millay said by phone on Sunday. interview With LN+.
„Wages are already starting to outpace inflation,“ Millais said. „The fight against inflation is paying off.“
Argentina's monthly inflation rate slowed more than expected in March, marking the third consecutive slowdown in line with Millei's inflation. austerity Policies affect consumer spending. Consumer prices rose 11% from February to March, but this was lower than the 12.1% expected by economists. Inflation accelerated to 287.9% from a year ago, the highest level since the country emerged from hyperinflation in the early 1990s.
Millais said there had been signs of deflation in the food and drink industry over the past two weeks, noting that the benchmark interest rate had fallen to 60% from 133% when he took office.
here More from Manuela Tobias on Bloomberg.
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