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Argentines inflation expectations for the next 12 months in July climbed to 35.7%

Friday, July 20th 2012 - 08:27 UTC
Full article 120 comments
In the lower income bracket the expectation is even higher  In the lower income bracket the expectation is even higher

Argentines inflation expectation for the next twelve months climbed in July to 35.7% from 34.9% in June according to the latest report form the Di Tella University Finance research centre (UTDT).

This is the fifth month running that inflation expectation is above 30%, although there are some slight variations to that perception: while in Buenos Aires City it stands at 36%, in metropolitan Buenos Aires it is 35% and in the rest of Argentina climbs to 37%.

According to the replies from the interviews for the poll, for sectors with lower purchasing power the inflation rate expectation is 37.9% while on the opposite, the high income bracket the rate is 34.9%, said Guido Sanleris head of the UTDT research centre.

The official inflation for the last twelve months according to the government’s stats office, Indec, in June was 9.9%, but private estimates, an average of which is released by the Freedom of Expression committee from Congress indicated 23.9%.

The new salary contracts in Argentina are discussed from private inflation ratings and estimates since there are suspicions the official data from Indec is manipulated. A suspicion shared by the Argentine Judiciary and multilateral organizations such as the IMF and the World Bank.

The inflation expectations public opinion poll was done by consultants Poliarquía between July 2 and 10, and included 1.205 interviews covering the whole of Argentina.
 

Categories: Economy, Politics, Argentina.

Top Comments

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  • Tabutos

    means that 1 paso you have saved all your life for retirement is now worth 0.63 paso. well done Argentina! and yes i am being sarcastic

    Jul 20th, 2012 - 08:52 am 0
  • Iron Man

    @1 That's only one year from now - for every 100,000 pesos someone has saved, in 10 years time that will be worth the equivalent of 4,300 pesos at the expected inflation rate. Inflation is a terrible thing for an economy, unfortunately for Argentina it seems that its wounds are mostly self-inflicted and that there is no change of economic direction coming any time soon.

    Jul 20th, 2012 - 08:58 am 0
  • Welsh Wizard

    Having beaten Venezuela to the top spot for inflation in South America, I can see that she is not just trying to consolidate top position but actually trying to pull away from the chasing pack. Impressive work indeed CFK. This is a big statement of intent. Keep it up.

    Jul 20th, 2012 - 10:33 am 0
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