MercoPress. South Atlantic News Agency
Argentine ‘official’ annual inflation, 9.5%; wholesale prices up 12.7%
Argentina’s official inflation in 2011 reached 9.5%, following on December’s Consumer Prices Index (IPC) of 0.8%. Both percentages from the National Stats bureau, Indec are disputed by the Congressional index and private sector estimates which stand at a floor of 22.8% and 1.9%. Read full article
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Disclaimer & comment rulesand with 7% unemployment ,we thought we had it bad...
Jan 14th, 2012 - 10:31 am - Link - Report abuse 0Wait until they add in the new taxes, subway, gas, electric and water rates! Very soon inflation will get away from them and it is very hard to hold a tigers tail. I predict a huge devaluation soon and then watch out above!
Jan 14th, 2012 - 02:02 pm - Link - Report abuse 0Wait until the removal of subsidies take effect.Do yanqui farmers still get subsidies?
Jan 14th, 2012 - 06:12 pm - Link - Report abuse 0Annual inflation = 9.5%. Real inflation = 25%. For now. How about 35% by the end of the financial year? Go on, you numbnuts can do it!
Jan 14th, 2012 - 06:46 pm - Link - Report abuse 03. Yes the farmers in the USA get huge subsidies but I imagine they will be phased out within the next few years. I think the ethanol subsidy may be gone this year which should have a huge effect on corn prices. You should never burn food for fuel it is immoral. They can't get rid of it soon enough for me.
Jan 14th, 2012 - 07:27 pm - Link - Report abuse 0I can see Yankee on his knees to his evangelical God praying Lord sent forth your fire on these horrible Argentines mostly Catholics Jews or nonbeleivers.Lord crush the infidel throng.
Jan 15th, 2012 - 09:47 am - Link - Report abuse 06. Not sure you saw my other post but I was wondering if you could post a link to the 8 years of 20% yoy export increase you keep talking about. I can't seem to find it anywhere.
Jan 15th, 2012 - 05:16 pm - Link - Report abuse 0BTW BCRA spent U$600 MILLION this week supporting the peso. Want to give me your estimate of how long they can keep doing that?
well done dont think youj would get a AAA credit rating. Sick econnomy. Glad we are emerging from our troubles. Lets spend our 10.6 billion pouns sterling foreign aid on some extra defense spending. A few extra patrol craft for the falklands on top of the permanent guardship plus patrol vessels ,huge airforce base. need some extra typhoons just to top up defences.
Jan 15th, 2012 - 08:01 pm - Link - Report abuse 0Is argentina's credit rating still B? I know it was last year. How many steps is that up to AAA? Why do a lot of the bloggers on Mercopress keep saying the UK is broke? I guess it's all relative. When is Argentina going to pay back it's defaulted loans?
Jan 15th, 2012 - 08:17 pm - Link - Report abuse 0Yawn yawn~~,~oh it's Bruce again.Asking questions,but has no answer.
Jan 15th, 2012 - 08:51 pm - Link - Report abuse 08# and how much are you borrowing while you try to avoid a downturn.
10. I would say legitimate borrowing is much better than outright theft and confiscation like the Ks did. ANSES ring a bell?
Jan 15th, 2012 - 10:03 pm - Link - Report abuse 0Unfortunately(for CFK and her thugs) there is nothing left to steal its all gone now...now what? Cozy up to the evil IMF? you betcha...
Stay away from IMF and WTO and we will all do well, if not just look at Argentina in 2001 and EU today, nationalize the central bank and borrow from state budget, chances are that if you don't have money to subsist and compete in the real world with your own budget, chances are that you will never be hable to payback any loans, a word of advise to Argentina is your land if full of resources and the country is loosing money oviously more money will create more loss you are all better off keeping the resources and enjoy it rather then trade it and end up short. in USA, Canada and Australia and now EU charges up tp 40% in royalty for mining, something all nations should consider.
Jan 16th, 2012 - 12:43 pm - Link - Report abuse 0I was reading today that 1/3 of the population in Argentina live on less than U$6 day! And a Big Mac costs (meal?) u$9.50. So it takes 1/3 population a day and 1/2 to buy a Big Mac? Seems impossible...
Jan 16th, 2012 - 01:29 pm - Link - Report abuse 0I guess this is exactly what happened just prior to the crash in 90s because inflation got so out of control everything cost more than in NYC or London then it all started falling apart. I wonder why they think every time will be different...it is a very strange population full of self denial and arrogance.
This should be interesting to watch....
Hey Yankee boy have you taken your medication lately lol,
Jan 17th, 2012 - 07:51 am - Link - Report abuse 0Go and blog on U.S Sites on how the U.S is over 14 trillion dollars in debt,
and how the Bigmac and Large chips for fatarses will be downgraded,
you little weak parasite.
14. Are you mad because my posts are accurate and you don't like the rest of the world to know how bad it really is there?
Jan 17th, 2012 - 02:08 pm - Link - Report abuse 0Watch your blood pressure I am sure don't make enough money to go to a decent hospital or afford any medication.
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