Argentine Managers’ inflation estimated in 3.27% in January; 21.1% in 12 months
Another measurement of inflation in Argentina shows the annual rate sustained at two digits. In this case the CPE index, or Professional Executive Basket, during January 2012 was up 3.27%, accumulating in the last twelve months, 21.1%.
CPE assesses the cost of a basket of food, services and other items for the family of a professional executive, resident in metropolitan Buenos Aires, and was started in March 2008.
The latest index means such a family had a level of expenditure equivalent to 24.665 Argentine pesos (approx 5.700 US dollars). For the last 22 months annual inflation on a monthly base was in the range of 21% to 23%.
In January Food was up a moderate 1%; Leisure increased strongly, 11% and Housing with Basic Services (public utilities) climbed 7.6% as a direct consequence of the rapid elimination by the government of President Cristina Fernandez of the subsidies policies.
“Even when January “is a month with a high seasonal component, it must be said that the CPE increase in Jan 2012 although high was lower that last year which results in a drop in the annual inflation rate”.
Finally for March 2012 it is expected that the results of the current adjustment continue to impact the rate, to which must be added the seasonal increase of prices which coincides with the beginning or classes.
The CPE index is elaborated by the CEMA University, Applied Economics Centre. CEMA is a well respected and academically acknowledged.
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I won't say I told you so, Ogaga.
A litany of economic problems starting to surface for the RG's now.
that's more inflation in one month than many of Arg's neighbours in a Year...
The inflation rate is what Cristina Fernandez De Kirchner says it is. It has nothing to do with the price of goods in shops.
Read my comment again - but this time stuff your tongue in your cheek while you do it.
So are they on track for 40% inflation this year? This doesn't even account for the import restrictions and the price hikes that should come in March or so or the 500% increase in Nat Gas this winter!!
....or maybe they don't like recent news and are waiting for MP to bring them other news?
The orwellian nature of these societies is such that the amount of contradictory information in their heads is massive. You ask a North Korean if they really believe that Kim Jong Il was born to triple rainbows and all manner of natural miracles on Mt Baekdu (He was really born in Russia) and they say 'yes'. If you ask an Argentinian if they are experiencing massive inflation and they will say 'no'.
There are so many parallels between these societies from the nationalistic youth leagues, to the propaganda methodologies, and the fascination with maosoleums.
A taxi to the pub sir? That will be 14,0000000 peso.....
I suppose its one way of making the deluded feel rich.
Falkland pound? That'll do nicely, sir
Ahh Peronism, Isolation it's wonderful concept, unless you're sick or a politician
Neither is very complex, and neither leads to a very successful economy or society.
i am not for peronismo am actually quite the oposite but i repeat politics truly begin not in a theory but in the reality and hsitory of the country. politics in theory are sometimes even great but i repeat in practice...whole other business.... i wasnt directly speaking about the complexity of the ideology of peronism, thats not complex really u just have to study it. complex is the ppl, complex is history and truly knowing what that means. complex is truly understanding mentality, the unspoken words, complex is to understand what goes on in the minds of the ppl. not only in my country but world wide. complex is to understand what peronism truly means to ppl and how it is no longer is a party or an ideology it represents so much more than what the person did, it outweights him greatly. i understand the rules of goverment in china but that does mean i truly understand it? no... i dont. its way more complex... hope that what i meant to say is now clarified.
FYI. Kim Il-sung is a Korean, not a Chinese.
apperently i did not clarify what i meant... i was talking about the impact it has in society not politics itself.. society is complex, any society is complex, theories not so much. thats the only reason i commented, as in response of the generalization of us as a society not trying to explain peronism through the internet and in a post about an article i agree with. trying to explain that sometimes its hard to truly understand why society acts the way it does. its hard.. heck i live here and not truly understand it. please tell my point was clarified. i dont disgree with u were just talking about two diferent things.
Having objectivity to a society helps you to see it from the outside in, including it's benefits and faults.
She does the say for a face lift - She shouts out Plastic Face, Plastice Face, Plastice face repeatedly all night long lol.
KFC will not rest until the whole of Antarctica is under their jack-boot.
No, you are aiming too low, very shortly she will insist the cry is “The World Mein Führer” because she really sees herself as a man in female clothes.
Oh! I wonder if she has Nestor in them with her?
The question is why was inflation “lower” then. It was widely predicted by private economists throughout 2011 that inflation would be 26-29%. So that is a sensible gap... what caused inflation to slightly “cool”?
Inflation varies by region and by population group. The 21.3% no doubt was true (as far as it can be with ARG data) for the area in question.
Equally it can be imagined that the inflation for BA was different and probably higher due in no small part to the small businessman being 'sharper' and more informed tha those outside BA. There is no way they are going to lag the inflationary slope for even a day. Once one business raises the price of something all the other businesses in that sector will follow suit just because they think their base costs are about to rise and they cannot afford to sell without knowing what the replacement will cost. Bit of a self-fulfilling prophesy.
But what of the inflation for pensioners. This tends to be higher as food, clothes and other necesities by their very nature 'mop' up inflationary pressures.
Pensioners, unless they are rich, tend to suffer disproportionately, especially when the returns on their savings are as low as they are now. Bit of a double-whammy in reality.
I still don't see what could have made inflation lower than the predictions of 27%... because the government or central bank did nothing to slow the rate down.
Furthermore it is known by those who have travelled around Argentina Mendoza can be even more expensive than Buenos Aires in certain prices, and inflation a tad higher. There is also fewer subsidies to transportation in Mendoza, and gas prices are higher so generally you would expect prices to bounce more quickly in the province (which also has a significant tourist trade which also puts a floor on demand).
Anyway, I was just curious why would inflation have been lower even though it is still ridiculous, but again, the people most hurt are those that voted for CFK, mainly the poor, because their salaries unlike those of the middle and upper classes who either are paid for their talent or own business and simply raise prices, the poor are fixed emolument.
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