For Argentine unions, food basket inflation is 52% higher than the official index
Argentine organized labour CGT, announced that based on their own analysis of the products that make up the basic food basket, on average they are 52% more expensive than those analyzed by the official statistics office, Indec
“However the definitive figures will be released later” said the CGT spokesperson who responds to Hugo Moyano, recently elected to continue at the helm of organized labour, but which the government of President Cristina Fernandez has challenged.
Ambito Financiero newspaper revealed that Moyano will report a 28% annual inflation rate, among other preliminary figures. The rates he was expected to show were based on data collected by a committee of women who visited supermarkets and by information provided by a private consulting agency.
“Yes 52%, that is the difference between our unions’ carefully checked numbers and those of the controversial Indec” said Omar Plaini, Moyano’s spokesperson and belonging to the news stand salespersons union.
According to the latest data available from Indec, the basic food basket for an adult last June stood at 220 Pesos or 48 US dollars per month, while the value of the total food and services basket was 487n Pesos or 106 dollars.
Last month Moyano during a political rally announced that the unions that follow him will be elaborating their own monthly consumer prices index, since they simple did not trust or believe in the numbers published by Indec.
Argentine official stats have been strongly questioned and challenged since January 2007, when methodology changes were introduced and professionals were removed and replaced by political cronies in line with then president Nestor Kirchner.
According to the latest available data, in June consumer prices increased to 9.9% compared to the same month in 2011, but for the private consultants, that also help with a congressional index, inflation was running at 23.96%, ranked the highest in the continent.
Precisely because of that gap, unions under the leadership of Moyano turned to what they call “supermarket inflation” for all salary discussions. The index is comfortably ahead of the official inflation but not that close to the 23.96% of private consultants’ estimates.
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52% though, especially when most wages have only gone up by about 28%, most be devastating on the average Argentine household.
From my own bank statements over the past 12 months living here I can believe that food prices are 30-50% higher, I am spending more weekly and getting less.
If you can present some evidence to justify your statements I will reconsider my opionion but until then do me the courtesy of keeping your uneducated, uninformed and therefore pointless comments to your self.
Funny your reserch and sources dont confirm that his figures on inflation are wrong though do they? Only that he is to the right of Christina and hungry for political power. of course to you and your fellow Socillists these are both crimes when they get in the way of your imaginary and unworkable soccialist model.
I would guess as a supporter of CFK the majority of the people you speak to Argebtina are also CFK supporters and as such not exacly provide a wide enougth data field on which to comment on inflation. For example does your data field include people outide of BSAS, (inflation in the provinces is far higher, as we dont enjoy the same level of federal subsidies).
I suggets you make part of your reserch to visit a supermarket now and again in 12 months time and compare actual prices on the shelf., rather than reading the figures released by the offical sources.
Though I do not profess to have lived there, I visit twice a year, my spouse is a natural citizen and her family is still living there. MAybe he should take a stroll through Villa 31 coming into the city of Buenos Aires......maybe he will get a taste of CFK.
“Talking to argies”? How did you manage that? Not in Britain. If you could find one in a month of search, you'd be lucky. “People who have lived there”. What, 20 years ago? Go into a pub and call for them, do you? Or are you in argieland where you can find the people who will say what you want them to say for a couple of pesos? Ever tried for honesty or credibility? Thought not! A useless propagandist with no concept of honesty, honour or truth!
Just out of interest supermarket prices at our local supermarkets, there are two of them in our town, have risen just over 4% in the last month. It is possible that part of that rise is due to seasonal price differencials, but these usually are fairly insignificant (e.g. 0.02%).
Anyway that would account for Moyano's calculations. There are consumer groups here that keep track of prices at local retailers constantly who agree pretty well with the CGT estimate on inflation.
The truth is that inflation is making inroads on our fixed incomes, at the moment it is not desperate for people like me, but for the really poor it is already hurting very much indeed, and self proclaimed socialists like B-K should be calling on the MBOA to do something about it rather than saying how marvellous she is!!!!
If you do the inflation calculation x to the power y (same as compound interest where y is 100 plus rate per month divided by 100 to the 12th power) the inflation rate per annum based on 4% per month works out at 60% per annum
Stagflation, Hyperinflation, Depression.
Do Rgs consider 60% inflation hyperinflation? I wonder....
He is right about that.
2011 figures were 162.9bn
I don't they think of it as being hyperinflation (I really don't know why) 200% and then they will start to really question it. Personally I got pissed-off when inflation hit 3.2% over here a couple of years ago
2012 figures are 254bn
Aug 09th, 2012 - 02:57 pm
60% inflation for us Argentines is chicken feed, we get worried when inflation is around 160%!!!!!
That's why they call Argentina a “macho” society!!!!
Seriously, if we really get to 60% then yes it's hyper, that's where the Rodrigazo started in 1974.
I have mentioned many times that my 2 countries: the USA and Argentina are having serious difficult economic times.
When the economy will improve in the USA?... No one knows.
The USA national deficit of $15 trillion dollars increasing every day is not a good sign about my county, theUSA, is doing well.
When the USA will pay such astronomically debt? = ?........The USA is paying only the interest on such foreign debt.
When the economy will improve in Argentina?...No one knows.
But, everyone in Argentina including myself have learned to follow austerity, and try to get a second job if is possible.
I am prepared already for another recession in the USA after the next 11/06/12 presidential election.
On about January 3, 2013 the the USA Congress budget cuts starts reducing $billons of dollars for all US departments such as Defense, Education, Transportation and social services such as the goverment healthcare known as medicare and the goverment social security retirement.
Last year the US goverment only approve a 3.6% increase for the US senior citizens to receive on January 2012 after waiting almost 3 years without any cost of living allowance.
My advise is to follow austerity.
By the way, responding your question about where I am from in Argentina...
I was born in Comodoro Rivadavia, Chubut, and have family also in Santa Cruz.
The USA is in a much beter seat to move ahead then Argentina is.......as for the debt, untill the USA defaults.......
I find your posts in very bad taste, if you really live in the USA, which I doubt, you should be kissing the ground and thanking the gods everyday. You obviously chose to live here. If you don't like it go home no need to complain about it. Very bad taste indeed.
And you believe is good for the USA to keep borrowing monies from third world countries such as Bangladesh...just to keep the economy afloat?...
@17
I am planning to move to Buenos Aires around 1/2013.
I don't know why you keep saying I am not a resident of the USA.
Any one who ignores the bad economic times the US citizens are suffering is because you have a job and have not suffered unemployment for the last 4 years of the Obama administration.
Can you understand about the unemployment amount of 24 millons US citizens without work, 46 millons receiving goverment assistance to buy food and 26 millons citizens living below poverty levels.
The bad taste is from you that don't like to accept the fact that the bad economy in Argentina and the USA will take years to improve, like it or not!
John Connally, Treasury Secretary for President Nixon told a group of European finance ministers worried about the export of American inflation that the dollar ”is our currency, but your problem.
It seems that nothing changes.
I wonder if your wise counsel can tell us why anyone should kiss the ground that you walk on.Or perhaps you float just above the earth.You must be the only person who believes the USA has no economic problems and has the greatest transport system in the world.
By the way,Carter as president has been upgraded from the negative assessment originally to a far more positive assessment,but you with your narrow pretentious outlook,which pretends that no people experience servere poverty and hardshipin the usa,either doesnt know that ,or you don't agree with the re-assessment
Obama certainly is not fixing anything, but to blame this on him is certainly partisanship procedures. October 2008 I lost 6 digits in my retirement portfolio long before he was president.
He's joking of course,but I can laugh at anyone who overvalue themself.
Tell us what you want Romney to do before you remove him,assuming he gets in.
look it up, its Swedish!
Food prices have increased all over the world and more especially in US and UK the former is the country with more price increase among EU partners. Rising prices 3 times faster than in other nations.
Food prices in Britain are rising three times faster than G7 nations
www.dailymail.co.uk/news/article-1364428/Food-prices-Britain-rising-times-faster-G7-nations.html
Food prices rise by a quarter during recession
www.telegraph.co.uk/news/9086973/Food-prices-rise-by-a-quarter-during-recession.html
www.fao.org/worldfoodsituation/wfs-home/foodpricesindex/en/
But “Inflation” the word used in the article involves a basket of several products not only food.
Of course for someone that is living with a very low income, food become a large part of his/her budget.
But why food is increasing in a world in recession?
The answer is so easy, after the credit crunch in US, UK and Europe greedy investors liquid in USD started to buy “futures” in commodities, oil, gold, etc. So that way they make a lot of profit speculating over food prices, oil and whatever the can speculate.
The reasoning is quite simple people even in the worse recession have to eat what guarantee them huge sale of “future contracts”.
Here you have the prices that the central market in Great Buenos Aires sales to the public.
www.alcentral.com.ar/precios-minoristas.html
www.alcentral.com.ar/precios.html
Little corner vegetable & fruit shops even less than that price the minimum margin for the business is 100% over the price sold to them in the market.
So the more expensive apple that anyone can buys in the central market at $4.66 ends up in the shop and supermarkets in a range of $10 to $15 depending of your area.
@Captain Poppy
“The annual inflation rate for 2011 was 3.16 so in real dollars”
Ha ha do you believe in fairy tales also?
Who is cooking your books?
YankeeBobo your song here
www.youtube.com/watch?v=9ibblFcvaKQ
While no American denies that the USA is in tough economics times, certainly nothing like Argentinas. While economic output is minimal 1.6 etc, inflation is in check.
As for foodstamps, the usa has always been too generous with and whom they allow to get assistance, as it is often determine by the state. One of the problems many natural Americans feel is that we create too many problems that creates life long dependency.
And for the record I've been downsized twice since 2008 and been out of work for a total of 14 months between the two. And Arizonia is the hardest hit area because of the housing greed there. The east coast is the place to be in the USA. The USA economy will ONLY turn around when housing has bottomed out.
You are aware that the poverty level is about 21,000 a year for a family of four 26 million out of 316.....we can devout a entire blog for that Sussie.
The USA is not alone. Britain has gone down the same path of subsidising wasters who have never had a job in their life.
One of our friends in England has a daught aged 34. She deliberately got herself pregnant to get away from her parents: not 'sure' who the father is. Got married to a loser (also on benefits) had another baby. Her husband left her and she got a 17 YO lad in next, another baby, he left her.
At 34 she looks 50 YO and no one else is interested!
However, a letter from the government stating she needed to get retrained or her benefits would cease, soon got her into the programme. Guess what? She loves going to work and having her own money, BUT, she moans at all the tax she has to pay until I reminded her that she was now paying for the wasters like she used to be.
Our friends are lovely people and were ashamed of their daughter and her behaviour: their other daughter is a lecturer at a university.
We have a wasted generation in the UK with the present one going that way as well because of the lack of job opportunities and taking useless degrees at university instead of getting a vocational career such as a plumber, hairdresser, etc.
#33 please substaniate you claim of “cooking the books” . We know in South America you are used to it......suspect your statement. Even free market capital analysts agree on the USA's inflation rates.
www.ripoffreport.com/hotel/los-sauces-casa-pata/los-sauces-casa-patagonica-hot-4b187.htm
www.ripoffreport.com/plastic-surgeons/argentina-plastic-su/argentina-plastic-surgery-da-50cdb.htm
www.ripoffreport.com/argentina-afip-agenc/federal-government/argentina-afip-agencia-federal-f204d.htm
Spread the word about this banana republic so called “government”!!
Poppy,that's what yankeeboy said.You should read carefully before you throw up the bile you throw up.
I'm am perplexed to read that there are wasters in the glorious USA and the mighty example of upbringing the UK,and yet the countries are so perfect according to some posters.
Not only are these two countries experiencing economic difficulties,but because they have gained from years of unequal terms of trade,they impact on other economies that did not create the problems
And yet only a few of the citizens benefit from this robbery and other bow to the paymasters who care little for any of them other than their role in creating the paymasters wealth.
Come on Poppy,who lost so much of his retirement pot,what's democracy in all this?
A question to you yuli, please direct me to muy statement that the USA is perfect........no implications or assumptions....my statement? Oh and by the way, as for my losses, what percentage did I lose?
Zhivago was release from assignment long time ago!
Remember he said “case closed”.
Isolda, la miedosa y asquerosa known as “Agent Turtle Neck” keeps me insulting me using his name.
Get lost!
Now you go close to it but I did not mention names,did I.No.Now when I get called a moron,that tells me I'm being insulted.And when some one says my opening line is meaningless,that tells me someone didn't understand.
In the second case,I would ask for clarification.So what is the line you didn't understand?
Isolde is not the only person who hates you, I do too!
Oh poor Poppy another flag waver without hope.
“Even free market capital analysts agree on the USA's inflation rates”
Really?
Well by using CPI measurement methodology from Volker era the actual inflation in US it is close to 11%.
Even Walmart CEO Bill Simon said last year that inflation is under reported in US govt. statistics and can cause a big problem.
So Poppy “who live in glass houses shouldn't throw stones” especially if you live the country that had triggered the 2 bigger financial crisis around the world since 1900.
“U.S. Inflation Rate Four Times Higher Than Government Data. (Six Dirty Secrets You've Never Been Told about Inflation)”
www.prweb.com/releases/2011/5/prweb8425010.htm
You think I don't know that there are some good people in the USA and the UK?
You think I don't know that there are some good things in these places.
That is because you believe that the posters on here,yourself included,represent the best people from those countries.
That attitude,which is lacking in substance,is an example of bile.From the stomach but not containing food.
Does that meet your requirement?And by the way,democracy and political freedom are two different concepts.And,also,is there not a limit on how much an electoral campaign can spend in campaigning in the USA or does the sound of money silence the opposition at times.And whose freedom is that.
Please O please tell me how your logic made this deduction? I can't prove anything to the likes of you and your kind because you believe nothing that comes out of the USA....government or private sectors.
You know nothing of what I believe or support. If you feel that a few responses to statements on this blog represents ones depth, your shallower than the vitriolic insults you hurl at anyone that refutes your POV.
www.fec.gov/pages/brochures/contriblimits.shtml
for your campaign spending research. I believe my EXACT word was “political freedom”.
Zhivago finished his “assignment” long time ago!
Isolda, “Turtle Neck Agent” is the one who uses his name! Hahaha!
Isolda, you don't need to keep repeating the samething thing!
Is a waste of time!
You are not as assured in your prejudice views as yankeeboy,but nevertheless,neither are you correct to assume that if I don't agree with you(and your evidence),that the problem is me and not your lack of independant evidence.
Your exact words were political and freedom,,and I said that democracy and political freedom were two separate concept.Are you concerned that when I said freedom I didn't mean political freedom,or are you just being pickie?
I agree
Can anyone with good English skills from the land of Her Majestic EII translate into English WTF Poppy is trying to say above?
I only understood that he is a dedicated and meticulous guy but I guess he was not referring to language.
Thanks
His English is perfectly understandable, and he is replying to Yuleno. So don't worry about it.
Depends on where you are and whether you are dealing in dollars or pesos. The better ones will only take dollars. In BA its going to cost you 200 pesos for straight missionary but a 50 dollar US bill will give you a night in the sack,(watch out for bedbugs and bring your own non-argentine condom. In Mar Del Plata and Villa Carlos Paz expect to pay about half. Now a blowjob in a dark alley will cost you about 5$US anywhere as well as a handjob but you can just walk away from these if the service is not to your liking. Twenty years ago you would get full service for fifty bucks and you would walk away happy, way too many Paraguayas now. As for gay prostitutes you will have to ask Pirat Hunter or Danny Berger, I'm sure they have the price list.
Women in most of South America are pretty loose, just buy them c drink or two in a bar and they will let you do whatever you want.
You just confirm me that you are from the peripheral countryside may be from England. New Castle perhaps?
His English sucks and seems he had never attended any class in primary school.
@Zhivago
Dr. Zhivago is the typical shy ugly wanker guy or may be gay that has to pay for sex. Ha ha
Seems he has the full price list of sex service including from Paraguayan. Ha ha
A hand job?, who the fack pays for a hand job? Only an idiot.
I guess the girls run away when he tries to practice his better lover speech . “Houla yo am from Gran Britain”
And the girls get shocked and scared asking them self “what the fact the ugly idiot had say?”
“just buy them c drink or two in a bar and they will let you do whatever you want”
This just tell me that he has never parked his little one inch beam into any Argie girl's garage.
The drink stuff only works in England try on Fridays in London “after office” they are so drunk that even the most ugly insect can procreate.
I'm not from Great Britain! and drinks work pretty much anywhere in the world! At least the Argentines shave their armpits unlike the Bierkeller madchen!
translate.google.com/
As you seem to get lost in translation. However realize that it is a literal translation......not content. Some people type and write well......like secretaries and some are more occupied than worrying about secretarial skills. And really, you can do better insults than that,or does it take that little an insult to boost your ego Danielle?
www.buenosairesherald.com/article/108798/calvin-klein-exit-worsens-irsa-bond-plummet
It won't affect TMBOA though, she will just get into Tango 1 and go to NY to by the stuff she needs to 'make her look pretty'.
Mmmm. I didn't know that readymix concrete had an out in NY. :o)
He finished his asssignment long time ago same like Conor Louden-Brown.
The one who uses his name is Isolda, miedosa y asquerosa!
She is the biggest whore in the world, claims she is “married” but keeps touching her toes for anyone who walks by...Pufffffffffffffff She stinks!
Argentina will eventually be stuck with the Chineese sit for clothes or worse, clothing made internally.......yikes!
Men should know that women likes clothes, regardless of the economic status.
Here in the USA, Mrs Obama, the wife of “food stamps” USA president has the same taste to spend thousands of dollars in clothes.
Sometimes Michelle Obama buy her clothes from certain stores but most of her dresses are special designed clothes.
By the way, in Michelle Obama case is very difficult to find the right style because Mrs. Obama does not have a perfect body. At 5'11'' and 205 lbs with extreme wide hips is very difficult to make her look good. No matter how much she spends on clothes she looks very ordinary. Mrs. Obama does not have a pretty face or perfect body.
I have to say the argentine leader has good taste for clothes although I would like to see her wearing other colors instead of black.
Idiot!
1-Michelle is not a leader of a country
2-She worked prior to being first lady
3- you compare apples to oranges
4-You make absolutely no sense
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