December 7, 2013
'It is businessmen that raise prices, not the government,' Abal Medina warns
Cabinet chief Juan Manuel Abal Medina blamed today business leaders for the increasing inflation and accused them of “taking advantage” of the economic "recovery."
“Many business leaders take advantage of the (economic) recovery of the middle class to raise prices. Prices are not risen by the government or the INDEC (statistics bureau); they are risen by businessmen,” Abal Medina told reporters.
The minister’s statements come after Buenos Aires province governor Daniel Scioli admitted earlier this week that the government has failed in tacking inflation.
“I think it is very important when concerns about inflation are presented and how to address it. Obviously the path has produced no results; what we have to see is how to keep competitiveness, productivity and create conditions through further financial resources to produce more goods and more serves,” Scioli said during the IDEA business meeting that is taking place in the city of Mar del Plata.
“What the governor said is what we have been doing. In Argentina, there are monopolistic sectors and businessmen raise prices,” Abal Medina commented on Scioli’s remarks.