La Derecha Diario Javier Milei anticipated that April's inflation will be lower than March's 3.7%.
Additionally, the president stated that he fulfilled the promise he made to Pope Francis
President Javier Milei expressed his optimism about the April inflation rate, which according to private estimates would be below the 3.7% recorded in March, despite the uncertainty caused by the lifting of the currency exchange restrictions.
In an interview with Luis Gasulla on Radio El Observador, the president noted that the "catastrophic" forecasts did not come true and that the indicators suggest a slowdown in consumer prices.
Optimism in the face of the lifting of the restrictions
During the conversation, Milei highlighted that many analysts predicted an inflationary acceleration after the lifting of the restrictions, but he emphasized that the context of money demand and previous volatility did not have the expected impact.
"If we were at the same level as March, it would already be an achievement. We have the expectation and hope that it could be lower," said the President.
However, he avoided providing concrete figures due to the statistical secrecy that prevents the Executive from knowing the Indec data in advance. He also explained that, as a precaution against possible market effects, he doesn't consult high-frequency indicators.
Consultancies confirm the slowdown
Preliminary reports from several consultancies agree that April inflation slowed down:
- Analytica: 3.4%
- EcoGo: 3%
- LCG: food and beverages below 3%
- Equilibra: 3.3%
Milei reiterated that inflation has a "death date" by mid-2025, based on the lagged effects of monetary policy.
Relationship with the Pope and social balance
The President also addressed his relationship with Pope Francis, assuring that he apologized for his campaign statements and that since then they have maintained a fruitful dialogue.
"He asked me to take care of the most vulnerable. I believe I fulfilled the task because we lifted 10 million people out of poverty", he stated.
According to the latest Indec data, poverty was reduced from 57% to 33%, although Milei acknowledged that the current level remains alarming. "If we had fallen into hyperinflation and gone above 90%, it would have been a catastrophe," he reflected.
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