Javier Milei celebrated inflation of 2.8% in April and pointed against economists predicting a 7% jump

He did so in his official X account, in which he quoted the Indec, which confirmed 2.8% inflation in April.The President again targeted journalism and the "econochantas" who, he said, had predicted a higher figure.

President Javier Milei celebrated in social networks the data of the inflation for the month of April, that the Indec was in charge of making known this Wednesday afternoon and it was 2.8%. In the post, besides showing thanks to the minister of Economy Luis Caputo for his task, he pointed against the economists that predicted a jump to levels of between 5% and 7%, and left a task to his followers. “Come Toto! I remind you that several hitmen wit…

In April almost a percentage point was located below the March data, according to the Indec. The index becomes strong because it is the first after the departure of the stocks and the new exchange rate scheme. The bad: the core reached 3.2%, still too high. The year-on-year reached 47.3%. Milei celebrated. Also the markets. [...]

The CPI showed a decline compared to the month of March, celebrated by the government. However, core inflation was 3.2% and at year-on-year level reached 47.3%, it is high numbers. The brutal adjustment on pensions, wage anchor and the average recesses partly explain this situation. But the question about official numbers that do not capture the loss of purchasing power of income increases. On Wednesday the Indec published the April Consumer Pri…

The great Guillermo Calvo turned 84 last Tuesday. Recognized for his influence on macroeconomic theory, this brilliant Argentine mind has a collection of academic works that can be applied to emerging economies today and, obviously, to the domestic economy. From the classic “Fleet to Float”, the “Sudden Stop”, the role of expectations in the service of public debt and others. Today in the United States, Calvo maintained contacts with Javier Mile…

The price variation was 2.8%, below the 3.7% recorded in March, despite the departure of the quota to the dollar. Luis Caputo, Minister of Economy, also celebrated the data on social networks. Read more