Argentina consumers’ 12-month inflation expectations reach 39.8%
Argentine consumers’ inflation expectations for the next twelve months reached a record of 39.8% climbing for the third month running, according to the latest release from the University of Torcuato Di Tella.
Expectations which are based on polls and statistical data also showed that inflation for the twelve months of 2012 is forecasted to be in the range of 30% for the sixth month running.
The monthly polls are done by the Finance Research Centre from the Business School of the Di Tella University and with background information from the Inflation expectations survey.
The inflation survey indicated that the average expectations for the next twelve months stand at 40.6% in the capital Buenos Aires and 42.5% in metropolitan Buenos Aires. However in the rest of the country inflation expectations were considerably modest 34.7% and much lower than in the two other districts.
In related news the leader of organized labour CGT, Hugo Moyano said that sometime this week his organization will be announcing its own inflation measurement which could range “between 25% and 28%”, compared to official data which has never reached two digits, since the Argentine stats office had professionals removed and replaced by ‘Kirchnerite’ political cronies.
Moyano until a few months ago a close ally of Cristina Fernandez but now a declared enemy since the president organized a parallel unions’ organization, for several years now has stated that real inflation is ‘supermarket inflation’, where workers have to spend their money.
For that purpose since 2008 he has recorded the evolution of prices for a basic food and services basket by women staff working in the offices of CGT and based on these percentages has been negotiating salary increases and working conditions with corporations.
Allegedly Moyano also asked other unions in Argentine provinces to keep record of local prices and deliver them to the CGT stats office in Buenos Aires. Based on these contributions is that the stats office leaked that the twelve months 2011/2012 inflation is in the range of 25% to 28%.
Moyano also anticipated that his office besides releasing the cost of living for workers supported by supermarket shopping “will also deliver percentages related to poverty, indigence, unemployment and precarious jobs”.
Inflation in July according to Indec was 0.8% and 5.9% in the first six months of 2012. But the so-called ‘Congress index’ stood at 1.76% and 24.13% in the last twelve months. This index is an average of private consultants which are exposed to heavy fines if they make their stats public
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They are doomed...
Get it your skulls through, as long as there is even one foreigner attacking us, we won't listen. You are foreigners, after all.
And not all Argentines hold your philosphy, at least thankfully none that I know.
This sound familiar?
Narcissistic personality disorder is a mental disorder in which people have an inflated sense of their own importance and a deep need for admiration. Those with narcissistic personality disorder believe that they're superior to others and have little regard for other people's feelings. But behind this mask of ultra-confidence lies a fragile self-esteem, vulnerable to the slightest criticism.
How the whole population has this disease is beyond me....
Decreasing growth is not recession. Recession is what is happening in EU/US...
Sometimes I think You, Toby and Think are 1 in the same and intentionally obtuse to get a rise out of the rest of us.
true kirchner democracy right there, she is dictating what she wants her people to believe while they continue to suffer her reich lives the high! Argentina she is pulling the wool over your eyes , and you sit and take it, many people warned you for many months, Argentina will continue to crumble behind its wall of denial and lies. good riddance!
@4 why should we understand you? you have done nothing but act childish and for a country thats appauling and unacceptable, you cry and cry when issues do not go you way. By what ive witnessed I dont want to understand you, you dont deserve anybodys understanding while you behave like complete tools.
the last part of your comment sums it up! nobody is attacking argentina, they brought this upon themselves now reap the rewards :)))
the genius part of it is that the UK hasnt had to do anything, because we understand argentina will do themselves enough damage and guess what, we are right.
hahahahhahah Argentina “the misunderstood” how ironic.
take it to the UN im sure they can cook you up a resolution “thou shall understand Argentina or else” ,whatever.........
www.foxbusiness.com/news/2012/08/21/sinopec-may-suspend-argentina-output-on-government-policies-report/
”China Petrochemical Corp. (SNP, 600028.SH), or Sinopec Group, is so concerned about oil industry policy in Argentina that it could suspend production there, a local newspaper with close ties to the government reported Tuesday“
Guzz, in this situation, think of ”the local newspaper with close ties to the government“ as being very similar to Pagina 12. They are a local newspaper with close ties to the government and they said that the government ”may” decide to expropriate YPF Repsol and a couple of months later it happened. This dos not mean it is definite but it is in the realms of strong probability.
I guess it takes one to know one?
@5
Yes that is what I'm saying. Otherwise why is it that people here accuse argentines of not thinking pragmatically and holding on to supposed “untenable” positions? We hold on to them because capitulating to foreign nations that want to cheat us out and have no desire of friendly FAIR trade with us is a worse outcome.
@10
To you, Argentina behaving like complete tools is basically surrendering any shred of independence and allowing ourselves to get shafted in trade and geopolitcs by the EU, UK, USA, Japan, Brazil, Chile, Uruguay, Paraguay, and China, and all the others.
In other words, for you and everyone else here, the only time Argentina will seem reasonable to you, is when we get ZERO out of any negotiations, and when “you” get 100%. That is not friendly negotations, that is being an enemy.
Nope, Argentina will seem reasonable when it acts like a responsible 21st century nation that can contribute something productive and positive to the world, rather than being a delinquent, thieving, lying, cheating, whining, complaining, back-stabbing, two-faced, aggressive poop-hole.
Argentina ROUTINELY tears up contracts, treaties, agreements THAT THEY AGREED TO AND RATIFIED THROUGH CONGRESS!! Including but not limited to Bonds, Loans, Trade Agreements, Court Judgement, Fishing, and oh yeah FALKLANDS OIL AND GAS SHARING...on and on and on.
Argentina it's rulers and it's people will be taken seriously when YOU DESERVE TO BE TAKEN SERIOUSLY. No one believes a word you say and any agreements that are signed are basically worthless.
This type of attitude is why your country is relegated to 3rd world or Frontier status...
Scream, beat on the table, whine and carry on...when your tantrum is done the grown ups will speak to you...
Losers.
Argentina pisses on businesses by stealing and then expects to be taken as an equal and serious.
You bragg abut paying back 32 billion in loans yet fail to acknowledge the balance of 90 billion in defaults. Yet you want to be treated equal and serious.
You send you ambassador in England to use ambush tactics on the FM in London, yet you want to be treated as equals and serious.
You seize an American Air Force cargo plane that was there to assist your federal police force, yet you expect to be treated as equals and serious.
When Argentina realizes that honey attracts bees abd kicking the nest creates a swarm, maybe they will be welcome into the neighborhood. No one is out the collapse Argentina other then Argentina itself. Argentina needs to revise their foreign policy and define their national and international goals so they can align the country's diplomatic efforts in the right direction. Appointing experienced career diplomats in top foreign relations positions and professionalizing the Foreign Service will help a great deal. Neighbor relationships that have been eroded by reckless diplomacy must be repaired and make-friends diplomacy must replace arrogant and belligerent discourse.
Unyil then, Argentina will not be taken as an equal or serious. Argentina is it's own worst enemy.
thats why the best way to negotiate with them is not to, but to stay clear and firm.
“Whats yours is mine, whats mine is mine” Kirchners model!
“Get it your skulls through, as long as there is even one foreigner attacking us, we won't listen. You are foreigners, after all.”
First rate Xenofobia.
@7 Recession is a general slowdown in economic activity.
@9 Unlike yours, our boxes won't be 6 foot x 2 foot x 2 foot.
@17 You mean that if a psychiatrist recognises a psychopath, that makes the psychiatrist a psychopath? There's something seriously wrong with that slop between your ears. What you need to do is to get out and conduct a search. Come back and let us know if you can find more than one brain cell. We'll give you 10 years. But we won't mind if you can only find one in that time. We're not expecting you to actually find that many. What a whining little child you are. Can't have what you want so you throw your dolly out of your pram. Then you lie and cheat and steal and, worst of all, fool yourselves. You want to know what happens to countries like yours? They die. For the time being, I would reckon that the world is divided into three parts. There are those who have sussed you but still try to deal with you in a reasonable manner. There are those that have sussed you and have decided to take you for every penny they can. You won't like this but you can count places like China and Iran amongst them. They aren't philanthropists. And there are those who, fortunately, have nothing to do with you.
The USA has the narcissim epedemic raising as is published in the US Newsweek magazine edition of 7/1//2011 and its due mostly to the economic situation US american citizens are suffering. The USA has most of all US veterans mentally ill..I see the US vets begging for food, urinating on streets and sleeping on public parks....Can you suggest any remedy such as how to improve the USA economy?
All what I read in the Arizona Republic and USA Today is that after the election consumers are going to suffer the consequences of 12 years of bad goverment, 8 years from Bush and 4 years from “food stamps” Obama.
Indeed I did, but I'm really flying blind here. As always, if increases are incremental enough then people will accept almost anything. I suppose panic will really set in when there is a snap adjustment, a snap rise in inflation or a snap devaluation as this is when people really notice the difference in their earning power from one day to the next.
I posted this up as I remember only a couple of months ago, you posted some similar news whereby everyday goods were subject to a circa 9% rise. To have two such similar rises in one quarter says a great deal and obviously makes a mockery of INDEC’s figures. Add this to talks of devaluation and maybe things are picking up pace. As for the magic inflation number at which panic will set in…I can’t say having never been subject to inflation going anywhere near double figures…
I am wondering where they will peg it though. It has to be somewhere above the leak rate $6.8 to account for the delta between the gov't rate and real rate and they might as well build in some cushion so maybe $8-10?
What that will do to inflation is beyond my comprehension! Does hyper inflation then set in immediately? Which I guess will make the devaluation worthless? Who knows! I know this wreck of a monetary policy will be studied for years! “ How to destroy a county in a decade”!
www.tmz.com/2012/08/21/prince-harry-naked-photos-nude-vegas-hotel-party/
Very proud. If I was 3rd in-line to the throne I'd be spending most of my time at pool parties and nailing the majority of attracvtive females in sight.
Anyway, stop being a troll and comment on the story.
No wonder you are loosing ground to the Chinese :))))))
Prince Harry works pretty hard at being a helicopter pilot, I reckon he deserves to have a bit of fun when he's on leave!!!
But it has absolutely F all to do with “Argentina consumers’ 12-month inflation expectations reach 39.8%” which is the title of this thread's article.
So “johnfarrel” we've reached 40% inflation, that's pretty good going for the Kretina's “modelo”, a little more effort on her part, with help from Moreno and Axel Kicilloff and we should soon be at 60%, which is IMHO yankeeboy's “panic number” then it's hi ho for the august realms of hyper-inflation, perhaps you don't remember 160%, 250% and eventually 2600%. The great Argentine miracle!!!!!!!
Funny they get a little tripped up when they try to splain it tho...
Come on Prince Harry is retard!.
Hey, 14 years old kids can learn to fly an helicopter!.
Your comments demostrates your are not smart!
.....“he does a great job”....how ....“entitled to have fun”....you mean screwing the mexican american girl?
Could you please post a link where Correa says what you refer to. I've heard it so many times now, I'm sure it must be true... Or is it one of those “everybody knows he said that” fact?
Maybe she enjoyed it, what jealous of mexican american girls receiveing some real blue brit lurvinggggggg!!!!!!!!!!!
by the position shown ...he is standing up ..
it show Harry's penis is too short....
nothing blue about it
is just a wish....
Standing, kneeling, lying on your back or swinginging from a chandellier. It is all good, blue brit lurvingggggg!!!!!!! I expect the young lady still has a smile on her beautiful face ,a twinkle in her eyes and a spring in her step. Poor girl, of course it never be the same for her ever again, unless she is lucky enough to meet another brit.!!!!!
Indeed, by the way, did you find that link or shall we just classify your (quite few of you) statements as “everybody knows he said”?
Ecuador's president, Rafael Correa, has said Julian Assange should respond to the sexual assault allegations made against him by two Swedish women, even though the case would not in his view constitute criminal behaviour in Latin America.
You will not find it in official written text.
Aug 24th, 2012 - 02:25 pm
Here it is Guzz: www.guardian.co.uk/world/video/2012/aug/22/julian-assange-tried-sweden-ecuador-video?newsfeed=true
Captain Poppy
Don't you find it weird that you can't find that text in Spanish?
He said rape was not against the law in Latin America, those were the words he used, Latin America, not Ecuador where the law is apparently what he says it is.
Everybody knows that :)
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