After experiencing a setback in the November inflation index, which marked 4.9%, Sergio Massa He argued this Thursday that the data is “encouraging” but said they need to “continue to make an effort” to recover the income level from wages.
The economy minister made brief statements as part of a new announcement by price agreement. This time, the government has signed a consensus with national and international laboratories for the medicines It will be in effect for the next four months.
Massa referred to the November inflation data released hours earlier by INDEC. For the first time since February, the CPI recorded an increase of less than 5%.
“Inflation data reassures us that we have been on a de-inflationary path,” he has declared.
This morning, during the traditional press conference held by spokeswoman Gabriela Cerruti, the official had announced that he expected less data than those recorded in recent months.
In this context, the minister recalled that when he took office four months ago, the CPI had registered a 7.5% increase. “We have gradually lowered inflation. It doesn’t satisfy us, we have to keep lowering it”, he has declared.
In turn, he said that the number known this Thursday “is encouraging than the fact that we continue to walk a downward path but we don’t have to settle”. “We have to keep making an effort” harangued
He said, in turn, that as a government they have “the responsibility of ordering the Argentine macroeconomy and in the meantime the task of building together a path to lower prices”.
In this sense, Massa believed that lowering inflation will give “peace of mind to people”, “allow us to recover income”, he said.
Agreement on the prices of medicines for four months
Massa announced a new pricing deal this Thursday, this time with the laboratory industry.
Through the Secretary of Commerce chaired by Matías Tombolini, it was agreed that the medicines be part of the program Fair prices Y they will not raise their prices more than 3.8% for four months.
“You may not have an outlet, to buy a garment, but medicines are essential,” he claimed in the brief press release after the meeting with the company representatives.
In turn, he specified that with the inclusion of medicines in the program “almost 40,000 products” are already included.
From this agreement, the drug price It can only increase up to 3.8% per month, taking into account the latest suggested retail price for November 2022.
It is also expected a trigger clause whereby, in the event that inflation exceeds 5%, the following month, companies can apply an increase up to one point below the INDEC measure.
Prescription medicines are included in this understanding with the industry and over-the-counter medicines are excluded.
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Source: Clarin
