MercoPress. South Atlantic News Agency
Argentina's inflation slowing but still comfortably on the two digits
City of Buenos Aires stats office admits prices are on a down-slide tendency, with eight months inflation at 15.95%, and 28.2% in the last twelve months. 
Indec said that wholesale prices were up 1.4% during August, which represents 8.1% in the eight months and 13.3% in the last twelve months. According to Argentina's stats office Indec, consumer prices during the month of August climbed 1.2% over July, 9.4% in the eight months and 14.7% in the last twelve months. These numbers however are quite different from private consultants' estimates and the City of Buenos Aires stats office: 2.17% and 1.8% inflation for August, respectively.
The City of Buenos Aires stats office admits that prices are on a down-slide tendency, with eight months inflation at 15.95%, and 28.2% in the last twelve months.
With the exception of clothing and footwear, which were down 0.2%, all other items, particularly Food and beverage; healthcare; education, household maintenance and equipment increased.
The private consultants estimate, which is released by opposition members of the Argentine congress shows that the 2.17% August increase was made up of Education, 3.3%; Food and Beverage, 2.2% and Healthcare, 1.5%. The last twelve months inflation stands at 26.6%.
Indec said that wholesale prices were up 1.4% during August, which represents 8.1% in the eight months and 13.3% in the last twelve months.
Finally regarding construction costs, they were up 4.6% in August, 19.2% so far this year and 23% year to year.
Top Comments
Disclaimer & comment rules-
-
-
Read all commentsWhy INDEC even bother's posting the numbers, no one believes them.
Sep 12th, 2015 - 12:32 pm 0Maybe Brasshole, but not even the Kampora clowns are duped by those lying rats.
If you look at this as political propaganda for the coming elections it makes more sense. No need to bother with actual facts since the voters are too gullible to question any of it anyway.
Sep 12th, 2015 - 06:31 pm 0But even the unofficial stats show the inflation rates standing still or even decreasing slightly. That can only mean that the economic activity is slowing down faster than the Arg government can print and pump pesos into the economy.
Argentina's “official” statistics are fairytales which no one outside Argentina gives any attention to. In its latest report, the IMF warns that Argentina’s economy will remain stagnant for years. It says: “The economy is growing at a very low rate, with an industrial and manufacturing sector that is almost paralysed. Private investment has also been very weak. The balance of payments is going through a delicate situation.”
Sep 12th, 2015 - 09:02 pm 0It goes on to warn that Argentina faces “multiple risks” because of the steady decline in commodity prices.
No wonder thousands of young Argentines are fleeing their country and look with envy at the Falkland Islands’ booming economy.
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!