Argentina’s official inflation for August, 0.9% and 6.8% in the eight months
Argentina’s inflation advanced 0.9% in August and 6.8% in the first eight months of the year according to the controversial official stats office Indec. Whole sale prices were up 1% over July and the construction cost increased 1.3%.
The item with the greatest increase in August was Transport and communications, 2.4%, followed by health care, 1.3% and leisure, 1.2%. The least volatile was Housing and basic services, 0.2%.
Regulated goods and services experienced the highest push compared to July, 2.1% on average as the government of President Cristina Fernandez tries to dismount the hefty subsidies. Seasonal goods and services were up 1.9% and the rest of the CPI, 0.4%.
In spite of the official 0.9% Indec CPI, the so called “Congressional index”, an average of the main private consultants banned from making public their findings, and which was released Monday showed inflation in August was 1.9% and 24.23% in the last twelve months.
The Production prices index in August was up 1%. The index a mix of domestic and imported goods, with the first climbing 1.1% because of dearer primary goods, power rates and manufactured goods, 1.1% on average. Farm produce was up 1.9% as agriculture goods jumped 4% and livestock, 1%. As to imported goods the increase was 0.7%, with 0.8% for manufactured goods and 1.1% and 1.9% for farm and wood related produce.
Likewise Indec says construction costs in August were up 1.3% and 26.5% in the last twelve months. This was made up of general costs, 2.1%; labour, 1.3% and finally, materials, 1.1%. Indec also points out that with the new costs the square meter average price for a multifamily house was up 1.2% in August reaching 3.100 Pesos. The official exchange rate in Argentina is 4.65 Pesos to the dollar and 6.45 Pesos in the parallel market.
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26 comments Feed
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No one in the entire financial world believes them which is why their inflation bonds have lost an average 15% this year alone.
Let's see how YFP's short term bond auction is going......NO WHERE in the real financial world. But at the end of the world where up is down and down is out. Guess who bought some short term bonds from YFP...........I know the suspense is killing you.....Anses pension (stolen from the good people of argentina). One would think when you calc an inflation rate at 6.8% for the year, bonds would come in around that rate. NOPE........YFP is paying 18% interest to Anses for a short term bond (to make payroll).
Wake up argentina......hit the styreets tonight starting at Santa Fe y Callao all the way to anal lips house, who left because she fears reality.
Sep 13th, 2012 - 05:15 pm
Yes, hermano, they bloody well are!!!!!
AND
blogs.ft.com/beyond-brics/2012/07/16/argentina-inflation-linked-peso-bonds-take-a-dive/#axzz26N7X9QEl
9/13/12 = Conqueror Captain Poppy Death Notice
We all attend his funeral!
Argentine Government = tells lies to the Argentine people about the history of the Falklands
Rabiosa,
This is my street corner, mov your dripping skanky ass and wachiturro kids along.
Drip, drip.
Judging by the mass protests across the country last night, I think the majority of Argentine people have reached the end of their patience with her constant lies. There were a variety of reasons for people protesting against the government but primarily they wanted to make it clear they would not tolerate CFKC for another term.
My favourite comment was the man who said he was 'sick of the President hogging all TV channels and droning on for hours at a time'. : )
Must be the best stat since about a decade?
Argentine's are surely on the streets to party this!
I thought as much.
But what I don’t get (based on all the Argies I know) is that Argies always think they are being lied to and never accept the official line, even when there is no evidence to back their mistrust. Yet here (as TCP correctly states @11) anyone who buys food must know that these numbers are complete nonsense. So they must know the government is treating them like fools..so why aren’t heads rolling?
Come on RGs don’t be force fed foie gras geese, be wild geese, flying free!
Sep 14th, 2012 - 01:39 pm
The MASSIVE protests throughout the country (even in our little town of 10.000 we managed over a thousand protesters in the plaza) were, among other reasons against the INDEC lies.
Until this and many other issues are sorted out how can Argentina be considered a (valid) democracy. The ability to vote is not enough!
I wonder what the real BCRA free reserves are currently. I bet it is U$8B or less.
Looks like it is all about to collapse...I hope so I would love to see the end of the DictaK regime.
@5 I have a special bayonet just for you. Where would you like it? Through your eye? Through your throat? Through your chest? Through your belly? Through the balls you don't have? Hold on, I'm making a wish. Then I'm going for a pee. If you think you're getting a rain shower, my wish is coming true! Come on now, be good. Get those knees up behind your head and open your mouth. Your normal “working” position“.
@15 Would ”you” like to be governed by Britain? WE can put argieland back on its feet. As we have done before. Read the history. Argieland can learn to be honest, truthful, trustworthy, prosperous. Possibly even friendly! Look across the water. See a country on the British model. Even with argie interference, it is at least twice as wealthy as anywhere in argieland!
Don't think susie is ProRGAmerican, totally different style
#12 ”My favourite comment was the man who said he was 'sick of the President hogging all TV channels and droning on for hours at a time'. : )”
Must be a minority viewpoint, to have a beautiful woman talking wisdom in defence of justice regularly on the TV must be popular with some =)
#16 “Is there really an opposition leader/party that the ordinary Argentinian people believe can change things ?”
No, or at least only for the worse. I must say I'm dissapointed in the Binnerites joining the opposition rather than defending the leftist Cristina, though of course I'd prefer them to the Macriites or the right Peronists. But Cristina is head and shoulders over all of them
The people that both support her AND live under her does not spoke of her as you do, with adjectives that show your amorous intentions of someone with a perpetual erection inflamed with a concept you are so ignorant of.
I used to feel sorry for you but you are a waste of oxygen and DNA. You speaking of the virtues and great things cfk has done is like anyone on earth talking how great living on Saturn will be.
btw.....if you were ever there, you would understand what he is complaining about......ever night on TV and never taking questions.......one sided interviews.
Can anyone see the porkies here?
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