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Montevideo, January 23rd 2018 - 07:32 UTC

Argentina inflation reached 24.8% in 2017, well above central bank's target

Friday, January 12th 2018 - 10:50 UTC
Full article 5 comments

Consumer prices in Argentina rose 24.8% in 2017 after a sharp 3.1% increase in December, government data showed on Thursday, well above the central bank's target range for annual inflation of 12-17%t. The monthly reading, which was above median expectations in December of 2.5%. Read full article

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  • Enrique Massot

    Argentina president Mauricio Macri's 2015 election campaign plan:

    “Inflation is the worst, most regressive form of taxation: must be reduced quickly. After one year, inflation must be lowered to one-digit levels. Eventually it must be located between zero and four per cent.”

    “We will increase demand and supply, based on high affluence of investment currency that trust on the Macri government will create.”

    http://www.eldestapeweb.com/exclusivo-el-plan-los-candidatos-bajar-la-inflacion-n3860

    Two years later, inflation remains high and the promised “rain of investments” is still pending.

    So in lieu of results, the government pressures (or blackmails) judges to, periodically, send some former government officials to jail to appear as if something is happening. Meanwhile, a ruling of the federal appeals court on Amado Boudou risks to make political witch hunt very apparent.

    More on this later.

    Jan 12th, 2018 - 05:48 pm - Link - Report abuse 0
  • Think

    Two years ago and 70% inflation later...:

    https://m.youtube.com/watch?v=E7qn6V6PA9Y

    Sería para reirse......................................, si no fuera para llorar.

    Jan 12th, 2018 - 07:40 pm - Link - Report abuse +1
  • Enrique Massot

    @ Think

    “Noooo...it can't be difficult,” says Macri in the video recording whose link was kindly provided by Think above.

    “Inflation is the demonstration of your incapacity to govern,” adds Macri in grand style.

    Of course, talk is cheap and Macri wasn't yet the president.

    On another front, we learn now that, after spending 70 days in prison, the federal appeals court has freed former vice-president Amado Boudou after judge Ariel Lijo ordered his arrest with media covering Boudou being detained in his home wearing pajamas and shoeless, in the best middle Ages tradition.

    The federal court found that, in 70 days, the trial did not incorporate any new elements, and dismissed Lijo's argument that Boudou had capacity to tamper with evidence or witnesses.

    Thus the government's political motives for jailing Boudou have been demonstrated.

    Jan 13th, 2018 - 01:01 am - Link - Report abuse -1
  • Don Alberto

    24.8% ... same as in 2010 - and Macri wasn't even president then.

    Jan 14th, 2018 - 12:15 am - Link - Report abuse 0
  • Enrique Massot

    Don Alberto, same as Martillazo, follows Macri's user manual to the word: “Whatever my government does, don't say a word about it--instead, say something about a similar occurrence that may have happened during any of the Kirchnerist governments.”

    Jan 14th, 2018 - 03:04 am - Link - Report abuse 0

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