At this point we can show realities and not speculation about the economic and the influence it has in each of our daily activities, that is, how it affected us from December 9, 2023 until today. At that time, the values we had with a total of tickets between circulating – effective in street, savings boxes and current accounts – adding the fixed -term deposits according to the BCRA data, amounted to $ 30,000,000,000 (BM). In that context we paid the super $ 310, the premium gasoline at $ 398, the kilo of roast at $ 4,000, the subway at $ 80, the train at $ 25 and the collective at $ 53.
From then until today we accumulate an average inflation of 230% according to the CPI, but the BCRA data of the first paragraph, with the total bills between circulating and fixed -term deposits, today is $ 145,000,000,000 (BM), which implies 4.83 times more issuance since December 10, 2023, or, said more easily, they issued five times what they found. Wasn’t it that the “Messi of Finance”, becoming Rockstar and an alleged growth expert with and without money, had not issued a single weight? The only truth is reality, and is reflected in the current prices: the super gasoline costs $ 1,339, the premium $ 1,587, the kilo of roast $ 10,500, the subway $ 1,071, the train $ 280 and the collective $ 451.
We can confirm that today there is a true economic and financial collapse of the population, a consequence of the excess of destruction of verifications and regulations that are necessary in a marginal economy such as the one that was consolidated since December 11, 2023. The issuance was 500%and the only thing approaching is the super gasoline, which rose 432%, while the premium did so in 400%. However, in transport there were crazy increases: subway 1339%, train 1120%and collective 851%, breaking the workers’ pockets. To this is added that, although accumulated inflation was 230%, wages increased at a maximum of 120%, even losing that 1.5%that had recovered in the presidency of Alberto Fernández. In that management, although we were not Switzerland, a 1000% accumulated inflation against an average of 1020% of salary increases was crossed, which allowed to recover part of the loss against the inflation of Mauricio Macri, which had been 300% with salaries that only grew 150%.
The price rise also finds an explanation in dollarized and transport fuels, which since 1992 never made a serious cost analysis, updating directly according to the value of the official dollar. In the same period it went from $ 360 to $ 1,515, this was added the typical speculation of hyperinflationary periods such as the one that began in January 2018 and from which we have not yet left or leave as long as we do not achieve a sanitized internal economy and less dependent on the dollar. This structural problem formally began with convertibility, continued with Martínez de Hoz’s policies, was repeated with Mauricio Macri and deepened with this government, which submitted the population to a brutal recession that now intends to go more thoroughly, imposing a useless sacrifice to 46 million Argentines.
Fabián Medina – Economic and Tax Analyst
