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The Nation’s Secretary of Commerce, Matias Tombolini, said on Friday that the government is taking measures to contain inflation and he was confident that price hikes will moderate in August, after hitting their 20-year high in July.
The official pointed this out he does not expect a higher figure than that recorded in July because the Government “works on several fronts”, but acknowledged: “When you have come for a month that has 7.4%, you a brake that affects the prices of the following month“.
“We are taking steps to slow down inflation and get it to start falling in September, but it’s gradual. the results are not seen overnight“, he indicated during an interview with El Destape Radio.
The economist also pointed out that these months are seasonally complicated, which is why the official effort must be greater. And he listed that “price agreements are strengthened; denouncing those who sign agreements e they do not respect, like the laboratories; and trying to establish mechanisms that prevent abuses “.
“July and August are difficult months, the Minister (of the Economy Sergio Massa) said already on the day of his inauguration. We are implementing a series of measures that aim to slow down the speed with which inflationary dynamics arrive, so that do not gain momentum … and that from September that speed begins to decrease“.
On the other hand, the Secretary of Commerce made it clear does not believe in price freezes and expressed his preference for the Careful Prices program with “the spirit of Augusto Costa, of 2014”, to serve as a reference price system.
“Companies earn a lot”
Tombolini also referred to the population’s loss of purchasing power due to the late wage race against inflation.
“I think salaries have a lot more margin than profit companies, which have already earned enough. The distribution of income in Argentina needs to be changed, that’s part of the goal, “she said.
And he underlined his concept by emphasizing it “In relation to the salaries they pay (companies), they earn a lot”.
“Within the growth dynamics of 2021 and so far in 2022, it is clear that the share of salaried income in total income has changed to the downside. This means that there is someone who is accumulating more income than the rest“added the official.
“That’s what Cristina (Kirchner) said. You grew over 10% last year, you are growing well now, but many businessmen’s budgets were a thousand times better than workers’ wages,” he explained.
Source: Clarin
