In the afternoon today the INDEC announced the inflation of the month of April. this time the increase was 6% and the accumulated annual figure reached 21.1%. These figures are not encouraging for the National government, who more than 30 days ago started the “war” to raise prices but so far has not had good results. If we mix this with the internal one that exists in the ruling party, the combo is total and Charles Heller spoke about it.
«It is very hard. There is nothing that can work with these levels of inflation, the discussion is in why it happens. We are facing a phenomenon that does not respond to the traditional,” said the deputy of the front of all. With this questioning he returned to mark the field of his position within the break of the party although he did not hold the president responsible for this increase.
In fact, he explained that “it is not the exchange rate, nor the wages, nor the rates, nor the emission” because “all are being recomposed.” Following this, he detailed in C5N that “wages try to rebuild and not lose, the exchange rate was adjusted by 30% less, rates are frozen and the monetary base is at the beginning of 2020. None of the traditional things serve to explain inflation occurs«.
However, Carlos Heller found two reasons that could hit the spot on inflation in Argentina. «The expectations that if there is a rumor about a change of cabinet and just in case they increase prices or try to stock or import more. The other is distributive bid, Who gets more? In fact, they have also begun to work on redistribution, although their results are still unknown.
«If you have that the GDP grew more than 10 and consumption also, unemployment fell and employment grew. The Government can operate on this but the relationship of forces passes, to pass in Congress you don’t need the reason, you need the majorityHeller warned when asked about discussing a new economic plan for the country.