After the National Institute of Statistics and Censuses (Indec) reported that February's inflation stood at 2.4%, President Javier Milei projected that in April or May the price increase could fall below 2%, thus consolidating the disinflation process.
From his account on the social network X, Milei highlighted the success of his economic plan, noting that if the impact of the meat price increase were discounted, the real inflation would have been 1.8%.
"KEY DATA: If we clean up the specific effect of what happened with meat, the inflation rate would have been 1.8%. Meanwhile, March also has seasonality issues, but if the economic course is maintained, in April/May it could break 2%... VLLC!", stated the president.
Support for his diagnosis was quick to arrive from the economic team. Martín Vauthier, director of the Foreign Trade and Investment Bank (BICE), explained that the 2.4% increase was conditioned by a 3.2% rise in the "Food and non-alcoholic beverages" category, mainly driven by the increase in beef prices.
"There was an impact of approximately 0.6 percentage points caused by the seasonal rise in the 'Meats and Derivatives' variety. Discounting this specific effect, the month's inflation was around 1.8% monthly", he detailed.
