Argentina official May inflation 0.8% and 9.9% in the last 12 months
Argentina's official inflation was 0.8% in May, the same as in April despite slowing economic growth, the government said on Wednesday. Inflation in the last twelve months stands at 9.9% and 4.3% in the first five months of the year.
Argentina’s inflation figures are widely disputed and private economics consultants estimate consumer prices rose 1.71% in May and have accumulated 23.85% in the last twelve months.
The nine private consultants May average estimate was released on Monday by the Congressional Freedom of Speech committee, since private consultants are liable to be fined (and have been) for publicly releasing such data.
Economic growth in Latin America's No. 3 economy is slowing from the almost 7.5% average of the last nine years. Precisely double-digit inflation is deeply entrenched and annual inflation expectations remain high among economic agents and the public in general.
Continued strong state spending and loose monetary conditions mean price rises are unlikely to ease, analysts say.
The official statistics agency Indec said 12-month inflation through May was 9.9%, up slightly from 9.8% a month earlier but far below the 20% to 25% rate seen by private economists.
Indec said May's biggest price gains were registered in education and health costs, which climbed 2.5% and 2.0% respectively. Costs in the heavily weighted food-and-drink sector rose 0.7% compared with 1.3% in April.
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Yes BK, well done. Although you'll understand that the US is able to meet its debt obligations (which is the difference). The size of debt is relevant to the countries ability to pay, Japan has a huge national debt but no-one would dream of accelerating it as they can pay. What do you think about the disparity between the two sets of figures?
Are you a resident of Gartnavel by any chance? Your obsession with CFK does smack of some mental condition which may be relieved by electro shock treatment or you could go to BA and set up a shrine to worship her there.
Good luck in either case.
People like BK seem to have little education and therefore are cognitively incapable of understanding basic economics and banking. That's why he votes for populist nonsense speakers like George Galloway.
It also tells you BK is poor.
H.Res.686 stipulates that the Republic of Argentina must ”fulfill the responsibilities inherent with membership in the Group of Twenty Finance Ministers and Central Bank Governors (G20), in accordance with the principles articulated by this premier forum for international economic cooperation.“ In the event that Argentina fails to comply, the Resolution establishes that President Obama and the Treasury Secretary would work with G20 members to ”terminate the participation of Argentina in the G20.”
This resolution is the counterpart to Senate Resolution, S.Res.457, introduced by U.S. Sen. Richard Lugar (R-IN) on May 14, which also supports Argentina's suspension from the G20, unless it meets its obligations to the U.S. and other countries.
Calls to sanction Argentina have been echoed globally, from Spain and Germany to the United Kingdom. Last week, a UK petition urging British taxpayers to stop supporting multilateral development bank loans to Argentina went viral. In the United States, a House Financial Services subcommittee held a hearing that showcased Argentina as a nation that does not respect U.S. or international law.
Read more here: www.sacbee.com/2012/06/13/4560246/congressional-resolution-calls.html#storylink=cpy
Congratulations I believe you are joint leader on the scale with Malvi.
hahaha idiot
I do wonder why INDEC bothers to publish figures every has accepted are pure fiction? Surely it would do better to stay quiet rather than embarrass itself and the Argentine government.
Futhermore, it is more a matter of “we won't ever forgive, or forget”.
One day, we may have a way to retaliate, you never know. And if there is one thing about us argies, is that we don't forget. We can hold grudges for eternity.
“Argentina has already made it clear: sanctions from the UK/Europe/USA/Japan/other Latin countries will be interpreted as an act of war.”
Is it time to be scared?
Are the C-47s ready to throw us into the Atlantic?
Toby, you are a sad pathetic loser.
Maybe if you ever leave that backward province and actually see some of the world you will grow up.
I will celebrate that day.
Having said all that, I can't agree you that you never forget. In fact, on average you guys forget every 10 years as, each 10 years, you get sold a pack of lies by whichever government is in charge, you lap them up (having forgotten that something similar happened 10 years ago) and then the country seems to go down the toilet. I suppose that it is a little like having an anniversary except that, rather than just commemorating, you decide to re-enact the downfall each time. As for saying that you don’t forgive, please see the para above re. forgetting (and apply it to your politicians (some of whom have taken part in a couple of anniversaries)) and I think you’ll understand.
The Europeans and Americans here are celebrating that 'sanctions' may be imposed on us (still very questionable). Sanctions are an act of war, unequivocally so. They are intended to make me and my family suffer, in fact, to be killed.
And you say I'm the punchy one? They are supporing the waging of war against me, and innocent children in this country. They flaunt it, and worse they flaunt it because they feel no one can retaliate against them
But it' 2012, and yes, people can retaliate, and will.
Since they want me dead, it is only fair I want them dead. They are at war with me, and are telling it here to my face.
The rest made absolutely no sense.
I think you'll find that sanctions would be issued as a result of current Argentinean government policy. They would not be imposed at whim. I would suggest, therefore, that the results of any sanctions would stem directly from your government policy. Rather than killing Yankeeboy and his children/family, it would more productive to ask the government to change their current policy so that they do not antagonise other countries and put them in a position where sanctions are an option. This whole thing is causal and, unfortunately, the present government is the root of the cause.
I choose to fight. I don't agree with my government in many things, but when foreigner attack us, that is by the wayside.
All the USA is asking for is for Arg to pay their debts, honor their treaties and start acting like a legitimate country or pay the price. Totally up to CFK how this turns out.
BTW if we were at war you would know it...
You are no one to tell others to sign treaties or honor them, because you don't honor them yourselves. Just because no one attacks Europe or the USA to make them comply does not mean you are not violating multiple treaties.
But one day you will comply. It is inevitable and done. And I will not shed a tear for your family.
It will be fun to watch from afar.
“One day you will pay, yankeeboy and St. John. And you or your children will be dead.”
Oh, I am really scared - a serious threat from a third world country - are the C-47s ready to throw us all into the Atlantic?
it will *not* be fun to watch from afar.
I was living in Argentina for about four years (saw what happened in 2001-2002, it was awful) and have many friends in the country, who oppose the government's completely erratic economic policy - my friends are going to suffer from this and I feel very sorry for them.
I think it is fun to watch because I find it fascinating how purely bad government with a “bought” population brings on their own misery. They keep “electing” these stupid corrupt people over and over again it is amazing how dumb these people are.
This is where Obama is trying to bring the USA but ( I hope) we are smarter then RGs and get rid of him in Nov and all the Progs for the next 30 yrs!
I just have fun with the likes of you, I know how to toy with such simple minds.
Last time I as in BA there was a garbage strike it was hard to tell though since there is always so much garbage on the streets anyway...
Fun to watch as it all comes flying apart....
Try again.
Don't go to a mall or university, don't want to be blown away, such fine traditions of American retail and academia.
How much to hitch a ride with the Chinese or Russians to the Space Station btw? You guys don't have the brains anymore, gotta pay for the IQ premium.
www.reuters.com/article/2012/05/23/us-usa-spaceship-idUSBRE84H0XM20120523
We are a country of commerce and innovation the goal here are to get private business to do create business/innovate rather than the gov't.
Totally different philosophy than your failing, ever poorer, less educated country. I know that is why you have a hard time grasping the simple concepts of work, honor, innovate they're so foreign to your very being.
We also just had a successful 12 month test of a space plane!
www.space.com/16083-secret-x37b-space-plane-landing.html
NASA has moved on from the Space Station it is going to go out of service shortly anyway it is too old and falling apart.
Maybe this will help with your jealousy:
www.nasa.gov/missions/current/index.html
Care to share some of the RG space accomplishments you have had this year?
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