After the decision of the national government to increase the gasoline price and the ACPM gradually this increase is expected to lead directly to inflation in the country.
“Gasoline is a direct trigger for inflation because everything has to be transported, so when the fuels start to go up, freight rates will definitely start to go up, which will add extra costs and that will be felt in a great way. he emphasized. Joseph Dacaretteconomic analyst.
He added that with the strategy of adjusting it monthly, the government aims to reduce the deficit of the Fuel Price Stabilization Fund (FEPC), and at the same time that consumers can not feel the inflationary effect as strong.
Source: El heraldo
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.