March’s inflation rate, which was 7.7% according to the National Institute for Statistics and Census (INDEC), was “extremely high,” according to a communiqué released by Economic Planning Secretary Gabriel Rubinstein. “That way, we hope for a decrease of a certain magnitude in the general index,” Rubinstein wrote, referring to April’s inflation rate. “We will keep trying to lower inflation, combining fiscal and monetary policies that keep being consistent with significantly lower inflation rates,” Rubinstein said. “We will combine that with income policies (agreements with companies and othes) that help to curb the inertial aspects of high inflation rates.”Trade Secretary Matías Tombolini also chimed in. Tombolini also announced a new price agreement with exporting companies which will facilitate their access to dollars at the official rate.

Source: Bueno Aires Herald April 15, 2023 19:09 UTC