Sunday, October 1, 2023

What the opposition said about the August index

The expected number of Inflation in August finally reached double digits: 12.4% per month, This represents a record in the last 32 years and represents a year-on-year increase of 124.4%. From various areas of the opposition, leaders of Together for change j Advances in freedom They expressed their criticism of the current government leadership.

Social networks were the space for immediate reactions to this August inflation index. “A shame. It’s not just inflation, it’s the number that sums up the tragedy that Massa and the…” Kirchnerism“, he summarized there Patricia Bullrich.

Another presidential candidate who spoke out was Juan Schiaretti: “This is a product of the erratic macroeconomic policies of the last governments and an expression of the complete failure of the Kirchnerism. Because Uruguay, Chile, Brazil, Bolivia You have inflation of less than 10% per year and we Argentines can’t have that? This is a scourge that is destroying the country and particularly affects workers and the lowest income classes. It is necessary a Economic Stabilization Plan break up with him Budget deficit and bet on it production and that Work“.

Another leader who will run for president on October 22 also expressed his opinion: Myriam Bregman of Left front unit. “It is published on Inflation index and the reality of Massa’s economic measures is revealed for what it is: a blow to the population’s coffers. The Food inflation It’s obscene,” he posted.

Out of Advances in freedom the first leader to refer to it inflation He was a legislator and candidate for head of government. Ramiro Marra: “Inflation in August was 12.4%, the highest monthly value in the last 30 years. May this serve to demonstrate the economic failure of Sergio Massa and the USA Kirchnerism. The Kirchnerists were responsible for leading the country into poverty. NO MORE can rule again.

The deputy’s comment was shorter. Together for change, José Luis Espert: “300% annualized inflation. Tomenselas“. His bank mate, Cristian Ritondo also added, “Stay updated deficit the little machine and the election smoke inflation of 125% year-on-year will be remembered fondly in the coming months.”

As an alternative suggestion, the radical MP Martin Tetaz wrote: “Prices rose at an annual rate of 306% in August. Minister Sergio Massa must abandon his demagogic projects and urgently present a reform of the law Organic Charter of the Central Bank so that the executive power renounces it forever monetary policy“.

Inflation in August: which items rose the most

The items that increased the most last year were Restaurants and hotels (142.2%), Food and non-alcoholic drinks (133.5%), Health (127.8%), Recreation and culture (125.1%) J Home furnishings and maintenance (125%), all above the general deviation of 124.4%.

On a monthly basis, the segment recorded the largest increase Food and non-alcoholic beverages that skyrocketed 15.6%, followed by Health (15.3%), Home furnishings and maintenance (14.1%) j Restaurants and hotels (12.4%).

Within the Groceries the advances in the prices of Meat and derivatives; Vegetables, tubers and legumes j Bread and cereals.

Due to these strong increases, the economist and director of said Analytica, Claudio Caprarullo He stressed that while the CPI was within the estimates of the consulting firm he runs, it “continues to be frightening,” which is why he labeled the inflation figure a “pain for the entire country.”

Nation World News Desk
Nation World News Desk
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