October 1, 2022

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Felletty admits March inflation will be too high: “I did not do miracles”

Roberto Felletti, Secretary of Commerce during the press conference. NA Photo: Mariano Sanchez

Secretary of Home Affairs Robert Felletti The Thursday price index was expected to be negative, but defended the management of price deals by promising: “I do not do miracles”.

The official said the war between Russia and Ukraine and the rise in flour prices would have a strong impact on the inflation index for March. “War and flour prices hit hard in March” Felletti said in a statement with you on the radio this morning.

Ukraine and Russia account for about 29% of world wheat exports, and the war between the two countries Caused a strong increase in this grain, With an increase in its derivatives similar to dough, Felletti said. “The March code will be bad. The damage caused by the war is a lot of damage to the flour products. It’s going to hit a lot, and that’s what worries me the most about food, ”he said earlier Radio with you.

“The March code is going bad. The damage caused by the war is a lot of damage to the flour products. It’s going to hit a lot, and that’s what worries me the most about food ”(Felty)

“The economy is recovering, as well as job opportunities. Improving income is the key,” he said. “A Peronist government must create expectations for expansion with employment and payWe are still on time. “

Regarding his work in the Secretariat, Felletti said: “I have on my back the responsibility of ensuring a set of food baskets that will ensure access to most people. But inflation requires a major economic downturn. Ours will prevent microeconomics and monopolies, “he said.

Felletti spoke about the coaches in the economic group and stressed the need to increase suspensions for cereals
Felletti spoke about the coaches in the economic group and stressed the need to increase suspensions for cereals

In this sense, he expected the government to impose severe fines on companies it deemed “unfair” – companies he did not recognize at the time. “Consensus failed within the framework of our conversation”Felletti agreed. Anyway, he expected the next maintenance prices starting next week to have an approved 3% monthly increase for companies.

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Regarding the suspensions, the Home Secretary said “We cannot verify the effect of wealth by collecting an object. If the price in dollars goes up by 70% and it is converted to bread or oil and passed on to the people, it will not be credible, ”the official said. “If it depends only on me, wheat, sunflower and corn should be stopped in large quantities.”I consider.

After acknowledging the “support” sentiment of the Minister of Production Development, Matthias GulfasClarified without mentioning them “There are other portfolios that think differently and it could happen in a coalition government”. “I want to be clear: the Minister supports the agenda we are implementing,” he said.

“We cannot verify the effect of a wealth by collecting an item. If it depends only on me, wheat, sunflower and corn should be largely discontinued” (Felletti)

“I am the secretary of state and I am going to use the policies that I think I should take,” he said. One is the public official, who takes policies and understands the debates and relationships of forces, an analysis I do not share. There are two types of monopoly and international inflation. In this context we discuss. But after miracles one does not”, He defended.

“The war on inflation will be long, and it will not depend solely on the Ministry of Internal Trade.”, Felletti said briefly in another section of the interview. In this regard, he pointed out that hoarding dollars in the PCRA is an essential condition to reduce inflation. “If the reserves in the central bank are not accumulated, the economy will not be resolved, even with restrictions on monetary and financial problems,” Felletti concluded.

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