Argentina's inflation hard to beat: "inflation has to fall a lot in May"

Argentina's inflation hard to beat: “inflation has to fall a lot in May”

Tuesday, April 17th 2018 - 08:14 UTC

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Argentina’s central bank would raise interest rates if inflation does not fall “a lot” beginning in May to a level consistent with its 2018 target for a 15% rise in consumer prices, central bank Governor Federico Sturzenegger said on Monday. Read full article

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Enrique Massot
So much for Mauricio Macri's boasting, when campaigning for the 2015 election, that inflation was “the easiest thing to do.”

What the story above does not say is that central bank Governor Federico Sturzenegger criticized the government's allowed steep increases in energy prices to consumers, which has recently been adding fuel to the fire.

Of course, it won't be easy to slow down inflation when reduced consumption and massive imports haven't succeeded, even when wages are trailing behind increased cost of living.

Of course, the immediate effect of Sturzenegger's tax rate increases would be a recession.

Nothing is easy, president.
Apr 18th, 2018 - 02:55 am - Link - Report abuse -1
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