October 21, 2014
Gov’t praises price index ‘declining trend’
The Cabinet Chief Jorge Capitanich described as “positive” the “declining trend” showed by the official National Urban Price Consumer Index (IPCNU) saying it “can be secured in time.”
“The index’s trend is downward and that is positive for the Argentine people,” the Kirchnerite official said in his daily press briefing at Government House. The IPCNU showed a 1.3% rise in June, totalling a 15% increase in 2014, with a declining trend since January, where it peaked with a 3.7% rise.
Capitanich celebrated the government’s stimulus policies as the cause of the positive economic outlook. “This is the most important right now, that we have policies aimed at sustaining [economic] activity and a declining trend in price levels,” he said in his daily press briefing at Government House.
“Ahead of the second semester the stimulus are focused on raising investment rates […] and exports,” the official explained.
He also critisiced the methodology used in alternative price index, which he described as “a political mechanism” of opposition leaders and media.