Head of INDEC Concedes 2017’s Inflation Rate was High

The fact that December’s inflation was the highest since June 2016, and that the annual rate clocked in eight points above the Macri administration’s most pessimistic estimate at the beginning of the year – the Central Bank intended to keep it between 12 and 17 percent – have yet again thrown the debate about how to tackle price increases to the forefront of the conversation.

Head of the Argentine statistics agency INDEC Jorge Todesca was not exempted from this discussion and gave his opinion about it in an interview with Radio Mitre. While he conceded this year’s figures were high, he highlighted his belief that the government acknowledges them as a problem and has every intention to lower them by implementing policies to achieve…

Original published: 2018-01-12 16:32:51 Read the full Buenos Aires News here


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