President Javier Milea He explained why he opened the door to importing products from the basic supply: “I think that companies in the food sector do not want repair prices, the only way to do it is generation of competences”, stated in connection with the measure implemented at the meeting of the Minister of Economy, Luis Caputo, with supermarkets, in order to limit inflation.
Average price for some products from basic canasta and how to help fix prices and accelerate normalization, do it more competitive, for the benefit of families and consumers”.
Also read: Opening up imports: Economists expect low inflation, but businessmen are wary of its risks
Milei explained through data inflation in February 13.2%.: “Since firms in the sector do not want to correct prices, the only way to do this is to generate competence,” he warned of the impact of food prices, which represented inflation last month 11.9%.
In statements to miter radio, electricity The president said that “the price of food is heavily dominated by what goes with the dollar” and said that with the opening of imports “purchasing power will increase much more because now food prices they go to Bajar”.
I said that the opening of imports for basic variety products is “because the expensive trainers, the agents who have the greatest concentration, have low expectations of paying for $2,500″. In this case, I pointed it out “We employ promotions and prices are expensive in dollars, and then depending on the position of the foreign exchange market, we will open the foreign exchange market to gain competence and accelerate the process of disinflation.”
Javier Milei calls February’s 13.2% inflation a “tragedy”
The President called February inflation of 13.2% a “tragedy”: “It is certain that the inflation number is tragedy, But let’s put it in context: when we received the government inflation was at 3700% per annum, in the second week it would accelerate to 7500%. We left one plant hyperinflation disaster. The 13.2% has extraordinary elements such as suba de tariffs increased for the previous government and an increase in prepaid taxes”.
I said, “If one takes it as a given, it’s just as scary now that we’re facing hyperinflation and that we’re facing what could be worse crisis Argentina’s history, which combines elements of a ‘Rodriguez’-like currency imbalance, well, gives the picture that we are facing the worst economic crisis in history”.