In twelve Argentine provinces inflation is two times and a half the official index

Tuesday, March 22nd 2011 - 08:10 UTC

Full article 6 comments

Several Argentine provinces mistrustful of government statistics, particularly inflation have mounted their own offices which show that consumer prices in the last twelve months have soared on average 27.5%, which is almost two and a half times the official index applicable to Buenos Aires City and Buenos Aires province Read full article

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GeoffWard
Although most Provinces of Argentina have inflation rates 2-3 times the official level, is this really important? 27.5% means starvations within 2-3 years.

There will always be poor regions and a rich Capital.

As long as Argentina keeps borrowing money from UN/World Bank/etc to stop those in the non-Pampas Provinces from starving this will probably keep the Government in power.

The problem of failing to pay back the loan is of little concern to those starving - inasmuch that they will have had a few more years of life before the problem happens again.

The starving will have problems the next time round when overseas money is not forthcoming because of default (again).

BA/BA Province will then have to divert their own money to eg The NorthWest, G. Chaco, Mesopotamia, Cuyo and Patagonia.

Argentina could start looking for a bit of oil in the meantime.
Mar 22nd, 2011 - 02:22 pm - Link - Report abuse 0
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Redhoyt
But inflation doesn't exist ... Cristina has said so!
Mar 22nd, 2011 - 03:04 pm - Link - Report abuse 0
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jerry
Of course there is no inflation. In March of last year 2 particular items cost 189 pesos. This March, the same two items, same brand, at the same store, cost 490 pesos.
Mar 22nd, 2011 - 04:09 pm - Link - Report abuse 0
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Typhoon
Surprise!!
Mar 22nd, 2011 - 09:38 pm - Link - Report abuse 0
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lsolde
Perhaps the southern provinces should break away from Argentina and become a separate (oil-rich) country.
We could help them develope their own oil industry if they dropped their ridiculous claims. Win-win for all of us, except BA.
Mar 23rd, 2011 - 09:46 am - Link - Report abuse 0
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GeoffWard
Isolse,
this would need a southern provinces' revolt, supression by the federal military involving killings, a United Nations Resolution, the US, UK, & French establishing a No Fly Zone, an Exit Strategy, and - only then - help with oil exploration/extraction (to stop the people starving ;-)

Not really worth it.
Mar 23rd, 2011 - 01:00 pm - Link - Report abuse 0
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