Minister Quiroz Says the CPI “Is the Responsibility of the Central Bank”
5 Articles
5 Articles
The Consumer Price Index (CPI) recorded a monthly variation of 0.4% in September, according to the National Institute of Statistics (INE), according to Thursday. With this, the indicator accumulates 4.0% so far this year and 4.1% in twelve months, still far from the inflation target of 3% of the Central Bank. Here is the analysis of the holder of Finance.
The September CPI recorded an increase of 0.4%, amassing 4.1% to 12 months. The Finance Minister called it a "challenge" to meet the annual target.
The minister also explained the economic slowdown due to the fall of 17% in mining production in August, rather than by consumption or unemployment.
The Minister of Finance, Jorge Quiroz, was consulted by the Consumer Price Index figure, which was released on Thursday, said that “the CPI is a responsibility of the Central Bank.” The Consumer Price Index (CPI) scored a monthly variation of 0.4% in September, accumulating 4.0% in the year [...] The post Minister Quiroz: “The CPI is a responsibility of the Central Bank” appeared first on La Nación.
Finance Minister Jorge Quiroz and Minister Daniel Mas pointed out that the result—driven by Fiestas Patrias and the cost of fuels—maintains the year-end goal "defying," so they urged to reinforce the Central Bank's monetary decisions.
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