Argentine President Javier Miley has decided not yet to raise taxes on fuel and prices for utilities amid the difficult economic situation in the country. Bloomberg writes about this.
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Miley is suspending his shock therapy program as he seeks to maintain popular support.
Miley is suspending his shock therapy program as he seeks to maintain popular support.
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New inflation data is expected to be released on Friday, which should show that prices have resumed rising after consecutive declines over the past five months.
Analysts say the Argentine government is focused on slowing inflation, while forgetting about his other goals.
The publication notes that any currency moves will undermine the president’s popularity among the middle class, which is the basis of his program. In addition, electricity bills for the middle class more than doubled in June.
- Inflation
