Argentina: In an interview with local radio
Mitre, Argentina’s labour minister, Jorge Triaca, recognised that the government led by President Mauricio Macri is “concerned” about inflation. Triaca's remarks follow the release of the latest inflation figures by Argentina’s national statistics institute (Indec) which showed that the monthly inflation in March was 2.3% and that the cumulative inflation for the first quarter was 6.7%. This means that the inflation rate is currently running at around 42% of the central bank’s target of 15% for the year, which is now likely to be missed. While the Indec report attributed the higher rate of inflation to a fall in the value of the Argentine peso against the US dollar and increased public transport fares, Triaca said it was due to an increase in public service tariffs and international gas prices in the first quarter of the year.
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