Argentina changes conduct in key area for price control

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Buenos Aires, October 9 (EFE) .- Argentina’s President Alberto Fernández on Saturday ordered changes to the head of the Ministry of Internal Trade, a key government area for price control in the American country South, which has a high rate of inflation.

According to official sources, the chief of staff, Juan Manzur, at the request of Alberto Fernández, ordered that the person who until now commanded the Ministry of Internal Trade, Paula Español, should continue to work within the framework of the ministry. of the Interior.

The Spanish will work there by coordinating development strategies and projects at the federal level, which “envision the creation of businesses, the addition of value, the creation of jobs and socio-productive roots in all corners of the country “, Indicated the seat of Cabinet in a press release.

As a replacement, the president appointed Roberto Feletti, who served as Argentina’s economic policy and development planning secretary 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 Kirchnériste bloc of the Front pour la Victoire.

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

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 predicts that this year Argentina will close with an annual inflation growth of 45.1%, while the rate slows in 2022 to 33% per year.

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

(c) EFE Agency

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