Tag: Indec index

Indec index
Saturday, December 6th 2014 - 04:44 UTC

Argentina stats: IMF sees advances, but the issue is a heated debate in Congress

The congressional index is 'irresponsible' and a miniscule group of lawmakers can't attribute themselves the full house representation, said Carmen Bianchi

The International Monetary Fund has expressed conformity with the achievements made by the Argentine government regarding the updating of the country's statistics, and hoped to finish its evaluation in February, Director Christine Lagarde announced during a press conference in Santiago de Chile.

Friday, November 28th 2014 - 05:58 UTC

Argentine industrial activity contracts 6.1% in October compared to a year ago

Big drops in the auto industry are having a direct impact on the overall activity index

A private report revealed that industrial activity in Argentina dropped 6.1% in October compared to the same period last year, as the manufacturing sector continues to contract pushed by big drops in the auto industry.

Saturday, November 15th 2014 - 07:59 UTC

Argentine inflation: make your pick, in October anywhere from 1.2% to 2.3%

Indec as usual had the lowest rate while the private estimates hovered between 1.9% and 2.3%

A reliable universally accepted rate of inflation in Argentina seems hard to come by although there are a battery of estimates, each of them arguing they are supported by statistically proven methods and thus the certainty of the indexes released.

Friday, October 24th 2014 - 06:38 UTC

Argentine economic activity slumps 1.2% in August reveal official stats

Restrictions on access to foreign currency have caused serious supply problems for the purchase of necessary parts and other inputs for industry from overseas.

Argentina's economic activity index slumped 1.2% in August compared with the same month a year earlier, official data showed on Thursday, underscoring a slowdown in Latin America's third-largest economy.

Thursday, October 16th 2014 - 07:40 UTC

September inflation in Argentina: anywhere between 1.4% and 2.48%

On an annual basis the 'congressional index' soared to over 41% in September

Argentina's inflation during September reached 1.4% and accumulates 19.8% in the nine months according to the latest release from the government stats office Indec. However earlier in the week the Freedom of Expression committee from the Lower House which regularly announces the average of private analysts, (identified as the congressional index), said the consumer price index for the ninth month of the year was 2.48% and 41.6% in the last twelve months.

Friday, October 10th 2014 - 05:25 UTC

Buenos Aires City inflation in September up 2.2% and 40.3% in twelve months

Because of the change of season clothing and foot wear had a 4.5% impact

The Buenos Aires City consumer price index climbed 2.2% during September accumulating 40.3% in the last twelve months according to the latest release from the City's stats office. So far this year (nine months) inflation has reached 31.1%

Friday, October 3rd 2014 - 06:20 UTC

The Argentine economy: “Thumbs down” writes The Economist

The resignation of the Central Bank’s governor Fabrega, adds to the gloom

Those baffled by the Argentine economy could do worse than listen to Puff Daddy. Ask what ails the country and the answer will echo the rapper’s ode to the 100-dollar bill, “It’s all about the Benjamins”.

Monday, September 29th 2014 - 08:39 UTC

Argentine stats on economic growth again come under suspicion

Official Indec figures released last week showed GDP growing 0.9% in the second quarter, up from a contraction of 0.5% in the quarter before

Argentina’s government released some hopeful economic statistics last week with numbers showing that the economy climbed out of recession in the last quarter. But with skepticism over the numbers, combined with a free-falling peso, in light of Argentina’s debt dispute with holdout creditors, economists still have a grim outlook the Mercosur member economy.

Saturday, September 13th 2014 - 06:57 UTC

Argentina with two August inflation measures: the official Indec, 1,3% and the congressional rate, 2.65%

According to Indec, Housing and basic services lead the increase with 2.6%, followed by Education with a 2.1%

Argentina has two consumer prices indexes, and they differ considerably. In effect during August the so called congressional index doubled the official rate: the National Urban Consumer Price (IPCNU) released by the stats office Indec, in the eighth month of the year was 1,3%, which means inflation in the first eight months stands at 18,2%.

Saturday, August 16th 2014 - 08:32 UTC

Argentine official inflation in July, 1.4% and 16.7% in first seven months

 Transport and communications had the largest impact on the July index

Argentine inflation rose 1.4% during July leaving consumer prices 16.7% higher than at the beginning of the year, official data showed on Friday. The July index was slightly higher than the 1.3% of June and confirms Argentina is experiencing one of the highest inflation rates in the world and only second to Venezuela in Latin America.

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