Argentina’s 12-month inflation expectations yield slightly to 27%, says UTDT
Argentina's 12-month inflation expectations slid in October for the first time in eight months, according to the median estimate in a survey published by the Torcuato Di Tella University, UTDT.
The university said on Thursday in its monthly report that median inflation expectations fell to 27%. That puts expectations down from 30% during each of the last seven months, according to the survey. On an average basis, the response rose slightly to 35.1%, from 34.9% in September, UTDT said.
The gap between median inflation expectations and the level of inflation reported by the government stats agency Indec totalled 17 percentage points in the survey.
“A gap of this magnitude shows that the government's official data have scarce credibility,” UTDT Professor Guido Sandleris said in a statement.
“Given the average response, expectations inflation for the next 12 months remain practically unchanged for all regions” of the country, Mr. Sandleris added.
Argentina's stats agency, Indec, says annual inflation as measured by its consumer price index totals about 10%.
The credibility of Indec's CPI has been questioned ever since long-serving professional staff at the agency was replaced with political appointees in early 2007.
President Cristina Fernandez administration routinely denies charges that it manipulates Indec's economic data. But most private-sector economists said annual inflation hovers around 25%.
UTDTs report was based on a nationwide survey of 1,200 people by consultancy Poliarquia Consultores in early October.
Argentina has also clashed with the IMF regarding the reliability of its Indec stats on inflation and GDP. An initial understanding to jointly work out a new transparent agreed mechanism was never complied by Argentina and the IMF has given the Cristina Fernandez administration until December 17 to honour its commitment.
The Argentine private sector and unions usually refer for their estimates to the so called ‘Congress index’ released by opposition members from the Freedom of Expression congressional committee and based on an average of nine private agencies exposed to serious sanctions if they make public their estimates.
The Congress index for September was 1.93% over August totalling 18% in the nine months of 2012 and 24% in the last twelve months.
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Inflation expectation falling in Argentina??
But…, but……, but.................
The Financial Times.......
The Economist.....
Fox News…
Even Yankiboy.....
All have guaranteed me that Argentina would implode very, very soon!
In 2001
In 2002
In 2003
In 2004
In 2005
In 2006
In 2007
In 2008
In 2009
In 2010
In 2011
In 2012
In 2013...........................................
What do I do now with all the dollars under my mattress???
Chuckle chuckle©
And its also clear that the rest of Argentina holds a different opinion than El think given the illegal greenback market has so massively increased over the past year.
The inflation should be slowing due to the negative growth in the economy, but why is it still over 25%?
What the Ks have done in Argentina is called STAGFLATION, it is the absolute worst thing that can happen to an economy and there is no way out of it now.
Massive Devaluation/Hyperinflation/ Generational Depression is imminent.
BTW I wouldn't be surprised if the car companies are finally done with this unstable country and pull out during the next crash so there goes most of their mfg base. Watch and learn how to ruin a country in just under 10 yrs.
There will always be Argentinian cars: the MAD Empress without clothes has a solution...read the news article “Cristina reflota sueño del auto argentino”.
HAhahahahahahahahahahahahahahahahahahaha!!!!!
Time for TMBOA to take the walk of shame!!
RED CARD!!!
I thought you were aware that the Argentine economy had imploded early in 2002.
The next implosion will come soon, it's inevitable. My guess is late 2013 to 2014.
I stand corrected...
So many years of hearing the same “Cantinella” that i lost perspective....
I should, of course have written:
Whooooooooooooooooot......
Inflation expectation falling in Argentina??
But…, but……, but.................
The Financial Times.......
The Economist.....
Fox News…
Even Yankiboy.....
All have guaranteed me that Argentina would implode very, very soon!
In 2003
In 2004
In 2005
In 2006
In 2007
In 2008
In 2009
In 2010
In 2011
In 2012
In 2013...........................................
What do I do now with all the dollars under my mattress???
Chuckle chuckle©
What to do ? Nothing!
This article is not about the UK. Try reading it.
@11
Why don't you try living here in Argentina and then won't so much shit.
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