Argentine ‘Congress index’ shows January inflation reached 1.9%

Thursday, February 9th 2012 - 07:40 UTC

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Argentine congress members announced on Wednesday that the inflation index for January based on an average of private sector estimates reached 1.9%, similar to the previous month of December. Read full article

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HillGold
Wow 23%!! That means in REAL terms your economy is contracting over 10%pa. Ouch!!
Feb 09th, 2012 - 09:00 pm - Link - Report abuse 0
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tobias
Well, another one that has no clues on economics. Any GDP growth is after inflation, anywhere in the world. If the economy had been really contracting all these years, there would be massive civil unrest like in Europe.

That doesn't mean the inflation is good, and will end up coming back to haunt, but you would't understand this part if you can't quite grasp the above.
Feb 10th, 2012 - 05:24 am - Link - Report abuse 0
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