Punished by inflation a third of Argentines with difficulties to face monthly payments
A third of Argentines have difficulties to face monthly costs because of inflation and lagging salaries, and 11% admit to “many difficulties” according to the latest Poliarquía public opinion poll released this week.
The overwhelming majority of interviews blame inflation and the loss of purchasing power to their current difficulties. The official inflation according to the much discredited stats office Indec stands at 10.2% in the last twelve months but private consultants, banned from releasing their findings, agree that consumer prices have been rising at 24.6% annually.
“Clearly the inflationary process is an index that helps explain why real salaries have not increased as indicated by the official stats office” said Alejandro Catterberg head of Poliarquía considered one of the most trusted pollsters in Argentina.
The results of the opinion poll were published by the Cronista Comercial, a financial daily from Buenos Aires and also show that 52% of Argentines considers that their income helps “tightly to just make ends meet”, while 14% declared they meet their expenses ‘comfortably’.
However only 14% of interviews declare their personal economic situation as “negative”, while a majority rates it as ‘average and liveable’ compared to 38% that describe it as ‘positive’.
For Catterberg the poll results obeys to ‘different indicators’ and points out that in some interviews, those who consider the situation average, at the same time admit they have difficulties reaching monthly payments.
“They are mostly people who live on credit or family loans or that have to make extraordinary efforts or simply have had to reduce their level of consumption because income is insufficient consumed by inflation”, said pollster Catterberg.
According to a recent report from the Bank of the City of Buenos Aires, Argentina is one of four countries in the world with the highest inflation, behind the two Sudan and Byelorussia based on private consultants’ estimates.
Inflation and the money exchange restrictions also known as the ‘dollar clamp’ are two of the reasons most blamed by the protestors that took to the streets on 8 November in Buenos Aires and other leading Argentine cities, the largest street demonstration since the 2001/02 crisis.
The Poliarquía public opinion poll involved interviews with 1.000 people during the first fortnight of November and with an error margin of plus/minus 3.2%.
Suggested Stories
-
May 24th 2013
As the US before IMF lines up behind Argentina in the litigation with hedge funds
-
May 24th 2013
Argentina raids factory of US investor head of a hedge fund litigating defaulted sovereign bonds
-
May 23rd 2013
Beware inflation: CFK announces “political groups” will keep track of prices in shops
-
May 23rd 2013
Cristina Fernandez administration limits overseas dollar extractions to a minimum
41 comments Feed
Note: Comments do not reflect MercoPress’ opinions. They are the personal view of our users. We wish to keep this as open and unregulated as possible. However, rude or foul language, discriminative comments (based on ethnicity, religion, gender, nationality, sexual orientation or the sort), spamming or any other offensive or inappropriate behaviour will not be tolerated. Please report any inadequate posts to the editor. Comments must be in English. Thank you.
we are told by numerous arg posters on countless occasions that argentina is a success.
they must be the “14% declared they meet their expenses ‘comfortably’”
The Kirchner model , I will drink to that :)
I am very sorry to hear that your expenses are now beyond your income and that you are both held hostage to this despotic regime.
But of the mythical 54% who voted for the cow thay will get what they rightly deserve and from what I can see in the press (while you still have a Clarin) it is coming sooner rather than later.
The very best of luck to you and your family, sir.
I have
No doubt the paid (and volunteer!) trolls will be along soon to tell us how it isnt true, that its worse in Britain/USA/Disney and that they should invest more in nuclear arms.... (mad as a box of cats the lot of them)
His parents sent him out of the country and told him never to come back!
He said it is a mess and getting worse everyday and they were afraid for his life and his career.
As I have said for a long long time. At some point salaries would not keep up with inflation. It will drive business bankrupt. I wonder where the Provinces will get the Dec extra payment? The reserves? hah! If they have more than $5B uncommitted reserves after the Dec payment I would be flabbergasted.
Unemployment is starting to creep up, wages are falling and at some point soon there will be a huge devaluation.
Devaluation Hyperinflation Depression
There is not stopping this train
Default looming on or around the 15th December and
IMF 'Red Card' due on the 17th.
Merry Christmas Argentina.
www.gregpalast.com/the-globalizer-who-came-in-from-the-cold/
Sorry to hear of your hardship. I would like to echo ChrisR at 3 and extend to you my best wishes.
The very best of luck to you and your family, sir.
canadian pirates , dont count
still having a guilty complex may help you upstaires.
p/s
no have no rights, you are canadian full stop.
You are a hypocrite. You don't have to live in Argentina with rampant inflation, corruption and practically a dictatorship, yet you support the regime that has caused all these problems that Argentina is facing.
If you truly loved Argentina as much as you claim, you would put your money where your mouth is and live there, wouldn't you?
Also in your post you use this word Whitch. That isn't a word that I am familiar with.
Do you mean witch - as in Glenda the Good Witch of the North?
Or do you mean which - as in what sort or kind?
By the way, hate to break this to you but your are NOT an Argentinian, you are a Canadian. In other words your are a ersatz Argentinian, a faker, pretender, false.
He wants to nuke the world, [and himself at the sane time] lol.
He hates his descent without who, he would not be here.
He insults with precision indoctrination, yet still misses the point,
Still,
Being the worlds only lonely pirate, and a Canadian at that,
Your tong wiggles, a lot don’t it..lol.
do us a favour, tell us another joka.
I'm looking at your FB pages LOL.
I see from your likes and links that you have every crackpot/cultist/ conspiracy theorist on there LOL!!!
Nice photos of your motel room, too. Your mother seems proud of you, “you are just like an executive!”
Is that the first time you've stayed in a motel room?? I mean besides that time of what you prefer to call, “ the incident”.
Is that how you know so much about pedophiles ?? It must have been traumatic for you?
I suppose your ugly mug and your lack of grooming mean you've not had much female attention :- )
everytime he opens his gob, he trips over his lips .lol.
The only people who support TMBOA on Mercopress do not actually live in Argentina.
Therefore, their inane musings are just that, and are just as hollow as their craniums.
God help the ones who work for private companies and aren't getting constant rises!
#16 correction IMF is the reason for Argentina to be where it is today. Didn't you noticed that IMF is still trying to dictate in Argentina. Last I hear we got a red card lol and at the end of the first period we scored with the hand of god on the vultures net.
www.gregpalast.com/the-globalizer-who-came-in-from-the-cold/
#17 am not a comedian, but UK and USA is full of them most of them seem to be here today. You are in luck.
#18 158 cowards you mean, even lone wolf terrorists have more courage then this dead beats cross dressers, brave are people who fight man to man this english soldiers are cowards who kill women and children to install fear among nationalists.
#19 sorry dude I don't know what child you are stalking or what man you fatazise about, but aren't you sick for trying to seek personal information on people FB? Child ,molesters and perverts have the same weakness as you, seek professional help soon.
#20 poor me? Lol look at all the attention this single Argentine is getting from the British pervs.
#21 however we Argentine support CFK 100% from all over the world, while the English and the Brits cry and cry because of Argentina. Sin vaselina.
#22 I am always in Argentina like most of you here are always in Argentina. Not even the Argentine cares as much of the BS as the argenbrits here. You being sucking so much antiArgentine propaganda that it wouldn't surprise me if some of you show menems DNA cross breed.
#23 we do listen but we think by ourselves. We don't repeat what other believe as you expect everyone to think the same way. You should try thinking on your own, that's what freedom is.
#24 there is always Canada USA or UK! Who need papers? We can get you married with an Canadian for less then a weeks paycheck, my ex is now a canadian as well as my ex ex wife, and my ex ex ex wife will be as wel
Keep talking - we're laughing at you, dimwit.
Once again you miss the point
( I'm not laughing at you, I'm laughing somewhere near you )
The country doesn't need half-wits like him.
He sounds like a parasite on Canada anyway.
Such a beautiful country carrying vermin like him, disgusts me.
Go back to your “paradise” P-H or Filippo, or whatever name you now have.
Go on, begone, get!
poor capt pugwash, no boat , no crew , no nukes,
just talk talk.
Hmm priced have gone up a little bit since I've been gone
CHEESE IS $50 for a 1/2 kilo!! I guess I have to eat quinoa now.
Merry Christmas
hahhaaaa
Buy sugar
At some point soon printing money to cover the huge monthly deficit is going to drive them into hyper inflation. I suspect they are running out of U$ to control the $P.
I can't wait!
Dec 05th, 2012 - 01:40 pm
Spot on Yankee, I believe the BCRA has enough US$ to pay our immediate debts that fall due in December but then the cupboard will be bare!!!!
I assume the Appeals Court in NY knew this and dictated the stay to avoid a default and gave CFK three months to get enough to pay her next instalments.
They have about as much chance of having U$45B in uncommitted funds at I do.
PH - Alex is reaching the point where he should be reported to state Anti-Terrorist organisations like US Homeland Security - they hate the idea of foreign terrorist cells operating in Canada, against their economy.
As to Canada, CSIS (intelligence service allied with CIA and MI6) and RCMP , and lastly, Immigration Canada.
He has links on FB to every Terrorist organisation waging actual warfare or propaganda against the governments of
US
UK
Israel
Canada
Ghana
the legitimate governments of Iraq, Afghanistan, and Libya,
and of course, the Falklands!
He has since taken down his La Campora and La Campora Juvenil links.
Recently, on MercoPress, as witnessed by all of us, he has offered a cash bounty and material assistance for attacks on vessels, commercial enterprises, and personnel (British or otherwise) conducting activities “ near the Falklands”.
Additionally, he suggests he has an Argentine passport, not a Cdn citizen, but openly admits to exploiting his situation as a resident (illegal?) in Canada, including fake marriages to procure citizenship for himself or others ( not clear which).
Finally, he is an ungrateful guest - loudly proclaiming he hates the Canadian people and culture.
Sleazebag.
Anyone got any good contacts in these organisations??
or keelhole him.
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!