'Inflation is high, but it will tidily go down'

Domestic Trade Secretary Guillermo Moreno affirmed that "to have cheaper food" in Argentina, the government has to face a conflict "with the oligarchy" and admitted that the "official inflation" is "high, but it will go down."

Moreno considered that the people "are happy" with the government headed by President Cristina Fernández de Kirchner, because compared to the administrations of Carlos Menem and Fernando de la Rúa, "they have extra cash."

"If the salary only reaches to buy food, the people is calmed but sad, that was Menem. If they don't have money even to buy food, they do what they have to do. That was the Alliance," he said.

"And when the people has extra cash from their salary, then they buy food, they go to the cinema, changes their shoes, go on holidays, they are happy. That is our government," Moreno assured during a ceremony at the headquarters of the Social Sciences faculty of the Buenos Aires University in Constitución neighbourhood.

The Indec national statistics bureau is at the service of the "national interest," Moreno stated.

Regarding the increasing prices at the domestic market, he affirmed that "we have a problem with the oligarchy to have cheaper food. Two percent of the wheat producers make 50 percent of Argentina's wheat."