He National Institute of Statistics and Censuses (INDEC) announced that inflation for the month of December was 2.7% and the political leadership expressed through social networks a new period of stability, but with growth compared to November, when it was 2.4%. Despite this, it registered 117.8% throughout the year, the lowest interannual value at least in all of 2024, as reported by the organization this afternoon.
“The National CPI registered a variation of 2.7% in December, confirming the continuity of the disinflation process. This occurs in a month in which the index presents a positive seasonality, linked to the holidays and the beginning of the summer vacation period, and in a context where both economic activity and the real income of the population show a strong recovery. “, he posted Luis Caputo in your personal X account.
The Minister of Economy explained: “In effect, the Monthly Economic Activity Estimator (EMAE) accumulated a growth of 2.3% between December 2023 and October 2024, while salaries in the registered private sector (SIPA), pensions and the Universal Child Allowance (AUH) showed an increase in real terms of 15.4 %, 12.8% and 107.4%, respectively, in the first eleven months of the year. Unlike other opportunities, the growth in the real income of the population and credit to the private sector occurs as a consequence, and not to the detriment, of the macroeconomic order. The deepening of disinflation and the return to the private sector of resources that until 2023 were destined to finance the public sector, allow this expansion to be genuine and sustainable.”
For his part, in his social network account, Manuel Adorni He also referred to the topic. “What upsets the stale politics arrested in the decadence of other times is that for the first time a President of the Nation fulfills what was promised during his electoral campaign, which represents for all of them an absolutely hostile and incomprehensible terrain,” highlighted the spokesperson for Casa Rosada.
“The deceleration process continues at extraordinary steps. It is the December with the lowest inflation since 2018 and in December 2023, Kirchnerism had left wholesale inflation at 54% and rising. Extraordinary result of the economic plan,” encouraged bullrichist deputy Damián Arabia. In the same vein, the legislator José Luis Espert congratulated: “Inflation dropped from 25.5% to 2.7% in one year. Excellent work by Javier Milei, Luis Caputo and the entire team. We continue on this path and we are going for more.”
“We continue on the path of a constant decline in inflation. We have to continue on that path until we have eradicated this cancer that only generated poverty. Those who do not see it mourn it,” said Gabriel Bornoroni, head of the La Libertad Avanza bloc in the Chamber of Deputies. While his colleague from the same space, Santiago Santurio, messaged: “Thank you Javier Milei for destroying inflation.”
The former chief advisor of Alberto Fernandez, Antonio Aracre, He also supported the libertarian management: “Inflation in 2024 DROPPED 100 points and was reduced to half of the almost hyper rate that we had in 2023. It is a lot. With relative price correction and without intervention.” “The 2.7% CPI for December demonstrates the success of the economic stability plan, consolidated on the fiscal anchor, the exchange rate anchor and the monetary anchor. Just a year ago, in December 2023, we faced a monthly inflation rate of 25.2%. Congratulations @JMilei for leading this historic transformation,” commented the Deputy Chief of Staff, Lisandro Catalán.
In contrast, the legislator of the Left Front and the Workers, Gabriel Solanocriticized: “December’s 2.7% inflation is not only one of the highest in the world. The most serious thing is that it contrasts with the 1% parity that the government wants to impose on workers to continue destroying salaries. It is the currency that the government offers to businessmen who complain about the exchange rate delay. In order to compete with imports, he proposes an alliance against the workers.”
The deputy of Union for the Homeland, Pablo Todero targeted the Minister of Security, Patricia Bullrich, for having criticized a lower inflation number in 2014 and not now: “The Minister of National Security was outraged by the rise in inflation in December along with others and a poster showed a very high number in the month of December… No, stop, stop, it was in 2014 and it was 1.87% and the year-on-year rate was 38.53%. In other words, it was lower than this December and the annual rate was lower than this year and there were no adjustments and there were no tariffs and your salary beat inflation and retirees had remedies and companies did not close, of course Toto had not happened by economy still, that of Caputo and Milei in 2024, 118%.”
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