Eduardo Feinmann has targeted the national government for the sharp rise in inflation in August. This came after the National Institute of Statistics and Censuses (INDEC) announced that it was at 12.4%, the worst since 1991.
According to INDEC, inflation reached 12.4% in August and was 124% year-on-year
Indec released inflation data for August and recorded the highest monthly increase since 1991.
“It’s a number that hits home. It’s old because in September the food is already at 10%. Be careful with the existing suppressed inflation. This government is leaving 100% suppressed inflation. And when it wears off, it will be a huge shock,” warned Guillermo Laborda in “Somebody Has to Say It.”
And he continued: “The Leliqs are also three times the size of the money in circulation.” They got it all so wrong. “If they wanted to do it intentionally, it didn’t turn out so well.”
He also pointed out that although “hyperinflation corresponds to monthly inflation of more than 50%,” this figure “is old, as it dates back to the time when it was a problem worldwide.”
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“On the 27th, the poverty of the first semester will be known, which will already be old. In August, food inflation was 15% and the majority of low-income people work unequally in the informal sector. “That hits her,” he said.
While Eduardo Feinmann cited a graph comparing 1988 inflation numbers with those of 2023, warning that “the whole process is very similar.”
“In January 1988 it was 4.4%; now 6%; February 1988, 5.3%, February 2023, 6.6%; March 1988, 6%, March 2023, 7.7%; April 1988, 7%, April 2023, 8.4%; May 1988, 7.6%, May 2023, 7.8%. And every month. In August 1988 it was 12.9%; in 2023 12.4%,” he read.
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“In September 1988 inflation was 16%. The question now is how much it will be. “A very similar process is taking place,” warned the journalist. While his colleague pointed out that when the next government changes, “there are expectations that whoever comes into office will be able to fix the problem, which also means that there will be no lack of price controls now.”
Eduardo Feinmann’s criticism of the national government
In this context, Eduardo Feinmann listed some of the country’s most important economic figures: “We have inflation of 12.4% last month; the dollar is $730; the roast costs $3500 and poverty is almost 50%. Let’s go great, hmm.”
And he concluded: “I think that the president always says that this is because of the pandemic, the war and the drought, the aliens, the IMF or Macri.” Gentlemen, you are useless. It’s your fault, you’re ineffective. The blame lies with Cristina Kirchner, who created this monstrous government. Take responsibility once and for all.”