Top anti-inflation official in Argentina resigns as prices surge
Reuters
Published May 23, 2022 05:17PM ET
BUENOS AIRES (Reuters) - A senior official in Argentina charged with leading government efforts to tame sky-high inflation resigned on Monday due to differences over how to contain steadily creeping prices, which have hobbled the country's economy.
Annual inflation in the South American nation reached 58% in April, as many food and energy prices surged in the aftermath of Russia's invasion of Ukraine, with some analysts predicting consumer prices will jump 70% later this year.
Domestic Trade Minister Roberto Feletti announced his move in a post on Twitter (NYSE:TWTR) along with his resignation letter after serving a little more than seven months in the post and citing policy "discrepancies" but without going into detail.
Last week, the ministry Feletti led was folded into the economy ministry, as internal tensions within the center-left ruling Peronists of President Alberto Fernandez have spilled out into public.
In a statement issued later on Monday, Guillermo Hang, a central bank official, was named the new domestic trade minister.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.