Press "Enter" to skip to content

Argentina changes driving in a key area for price control

Buenos Aires, Oct 9 (EFE) .- The president of Argentina, Alberto Fernández, ordered changes this Saturday at the head of the Ministry of Internal Trade, a key government area for price control in the South American country, which has a high rate inflation.

According to official sources, the Chief of Cabinet, Juan Manzur, at the request of Alberto Fernández, ordered that the person who until now commanded the Ministry of Internal Trade, Paula Español, should go on to work within the scope of the Ministry of the Interior.

Spanish will work there in coordinating development strategies and projects at the federal level, which “contemplate the establishment of companies, the addition of value, the generation of employment and the socio-productive roots in every corner of the country,” reported the Headquarters of Cabinet in a statement.

In his replacement, the president appointed Roberto Feletti, who served as secretary of Economic Policy and Development Planning of Argentina between 2009 and 2011, during the Government of Cristina Fernández (2007-2015), and held a seat in the Chamber of Deputies between 2011 and 2015 as part of the Kirchnerist bloc of the Front for Victory.

The Ministry of Internal Trade, which operates within the orbit of the Ministry of Productive Development, is doomed to contain inflation through policies such as the establishment of price agreements with various sectors of the economy, such as supermarkets and large food producers .

The persistent high inflation is one of the biggest macroeconomic problems in Argentina, where in the first 8 months of the year consumer prices have accumulated a rise of 32.3%.

The Government foresees that this year Argentina will close with an annual growth of inflation of 45.1%, while the rate would decelerate in 2022 to 33% annually.

For their part, private analysts who consult the Argentine Central Bank every month for their market expectations report project a 48.2% price increase for this year and an inflation rate of 46% for 2022.

(c) EFE Agency

Article Source

Disclaimer: This article is generated from the feed and not edited by our team.