February inflation in Argentina, 0.7%; private estimates double that percentage

Wednesday, March 16th 2011 - 05:10 UTC

Full article 4 comments

Inflation in Argentina advanced 0.7% in February over the previous month pushed mainly by increases in the clothing sector (2.2%) and leisure activities (3.5%), according to the official Indec National Statistics Bureau. During the first two months of the year, the consumer prices index accumulated 1.5%. Read full article

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GeoffWard
It is not in CFK's interest or the interest of Argentina - both at home and abroad - that the official Indec National Statistics Bureau has become the laughing stock it so obviously is.

Lying counter-productive.

To be though of as a country in the same group as :
Mao's China,
Stalin's Russia,
Castro's Cuba, and
Chavez's Venezuela
is worrying indeed.

All these countries, at these times in their history, lied to the world and lied to themselves.
The delusion - the belief that they could lie themselves out of critical national circumstances - ultimately destroyed some of them. For the rest, it is in the process of doing so.
Mar 16th, 2011 - 01:58 pm - Link - Report abuse 0
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Denrich
I thought Cristina had banned the term “inflation” :)
Mar 16th, 2011 - 02:28 pm - Link - Report abuse 0
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Frank
I see the BA doctors have gone on strike for a 30% pay rise......now why would they do that...?
Mar 16th, 2011 - 06:24 pm - Link - Report abuse 0
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Frase
Massaging the figures and saying it's not our fault isn't going to solve the problem.

My money buys me 25% less than it did last year, my inflation figures come from remembering the prices I paid last year, and comparing them to what I'm paying now....

Saying that it's under 9% is pretty insulting to my intelligence, memory and GCSE in mathematics!
Mar 16th, 2011 - 11:36 pm - Link - Report abuse 0
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