president Javier Millay This afternoon, he referred to October’s inflation rate, which stood at 2.3%, and underlined the Economy Minister’s management, despite a slight acceleration. Luis Caputo. The President relativized the increase through his post and agreed with the arguments raised by the Minister.
“That last paragraph is very important, come on, Toto.” Mirei spoke from her own account. × By sharing a message spread by the Minister of Economy, Trade and Industry minutes after the release of statistics by India’s Ministry of Economy, Trade and Industry.
Millais focused on the last point mentioned by Caputo, emphasizing that: “The six-month moving average of headline inflation continued to decline to 1.88%, the lowest level since January 2018.”
The economic director said the disinflationary process “continued despite the decline in currency demand caused by electoral uncertainty and the opposition’s attempts to break the fiscal anchor in recent months.” Under this assertion, the official praised the “solidity of the economic plan and the success of the fiscal and monetary order.”
Mr. Caputo also noted that the year-on-year change in the national CPI was 31.3%, “recording the 18th consecutive month of deceleration compared to the same month last year,” distinguishing it as the lowest year-on-year change since July 2018.
And along similar lines, he said, “The cumulative inflation rate for the first 10 months of this year was 24.8%, the lowest for this period of the year since 2017 (19.4%).”
In this way, Mr Millais and Mr Caputo today celebrated the 18th consecutive month of year-on-year slowdown in inflation after announcing an increase in the inflation index. October ended with a 2.3% rise. Although the CPI was the highest since April (2.8%), the impact of the soaring dollar on prices was low.
According to the National Institute of Statistics and Census (Indec), the cumulative price increase rate so far this year was 24.8%, and 31.3% in the past 12 months. Meanwhile, core inflation, which does not include seasonal fluctuations or regulated services, rose by 2.2% from 1.9% in September.
The sector with the largest increase during the month was transportation (3.5%), followed by housing, water, electricity, gas and other fuels (2.8%).. “The sectors with the highest incidence rates across monthly variations in the region were food and non-alcoholic beverages, while, with the exception of Patagonia, the sectors with the highest incidence rates in Patagonia were housing, water, electricity, gas and other fuels,” Indec’s report said.
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