Prices in sight: Feletti assumes in Commerce

In the midst of questions about the rise in prices that dynamited official efforts to shore up consumption, the national government resolved to remove the head of the Ministry of Internal Trade. Thus he ordered the departure of Paula Español and appoint in his place the economist Roberto Feletti.

Feletti will thus return to occupy a position in the national administration after his tenure as Vice Minister of Economy between 2009 and 2011, during the first presidency of Cristina Fernández de Kirchner.

The new official is a staunch defender of price controls. And his arrival coincides with the government’s political needs to appease inflationary expectations and the rise in inflation in September, which broke with the slight decline recorded in recent months.

Feletti was also a national deputy for the City of Buenos Aires and president of the Budget and Finance Commission of the Lower House between 2011 and 2015 and vice president of Banco Nación between 2006 and 2009, among other positions.

At present he served as administrative secretary of the Senate of the Province together with Verónica Magario, while between 2015 and 2019 he held the position of Secretary of Economy and Finance of La Matanza.

In his new position, the economist will be in charge of the design of the domestic price policy in a context where interannual inflation stood at 51.4% at the end of August, while the accumulated figure for the current year is 32. 3%, according to the numbers reported by the Institute of Statistics and Censuses (Indec).

One of the main items that explained the rise in the consumer price index in the last twelve months was Food, with a year-on-year increase of 53.4%.

Within this item, in addition, the price of meat -one of the products in greatest demand in Argentine households- marked a rise of more than 70% in the last year.

Based on the changes announced yesterday, Español will move to work within the orbit of the portfolio led by Eduardo “Wado” de Pedro.

There, Español “will work, in conjunction with the provinces, in the coordination of development strategies and projects at the federal level, which include the establishment of companies, the addition of value, the generation of employment and the socio-productive roots in every corner. of the country, ”as reported.

Español, an official close to Axel Kicillof, had a strong confrontation with the Minister of Production, Matías Kulfas. Feletti, on the other hand, would have a closer relationship with the minister.

Feletti is an economist who strongly agrees with Kirchnerist ideas. In fact, last May, four months before the Primary, he had indicated that the Minister of Economy, Martín Guzmán, should rethink the strategy and put money on the street ”. He had also asked “to review the withdrawal of demand stimuli; then let’s discuss how these stimuli are financed ”. Part of his recommendations came to light after the electoral defeat.

In addition, he considered “contradictory” the efforts of fiscal and monetary order that Guzmán was following at that time because – he said – “monetary and fiscal policies have always had little result in the fight against inflation, at least in Argentina.”

As secretary of Economic Policy (virtual vice minister) of the Economy, during Amado Boudou’s administration, he was one of the creators of “La GraN MaKro”, a group of Kirchner economists grouped around the then minister, who would later become a running mate of Cristina and Vice President of the Nation.

The Ministry of Domestic Trade has powers to evaluate, control, propose and dictate measures aimed at improving the organization of the markets for goods and services, both public and private, in order to promote their transparency and development based on the public interest, in the scope of its competence; It also has the power to dictate the regulations related to the internal supply of goods and services and their supervision and control.

For years, the main task of the area is to contain the price increases. Feletti will have to take on that challenge that his predecessor failed to meet.

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