Argentine Managers’ inflation estimated in 3.27% in January; 21.1% in 12 months

Friday, February 17th 2012 - 03:42 UTC

Full article 38 comments

The impact of eliminating subsidies is expected to last well into March

Another measurement of inflation in Argentina shows the annual rate sustained at two digits. In this case the CPE index, or Professional Executive Basket, during January 2012 was up 3.27%, accumulating in the last twelve months, 21.1%.

CPE assesses the cost of a basket of food, services and other items for the family of a professional executive, resident in metropolitan Buenos Aires, and was started in March 2008.

The latest index means such a family had a level of expenditure equivalent to 24.665 Argentine pesos (approx 5.700 US dollars). For the last 22 months annual inflation on a monthly base was in the range of 21% to 23%.

In January Food was up a moderate 1%; Leisure increased strongly, 11% and Housing with Basic Services (public utilities) climbed 7.6% as a direct consequence of the rapid elimination by the government of President Cristina Fernandez of the subsidies policies.

“Even when January “is a month with a high seasonal component, it must be said that the CPE increase in Jan 2012 although high was lower that last year which results in a drop in the annual inflation rate”.

Finally for March 2012 it is expected that the results of the current adjustment continue to impact the rate, to which must be added the seasonal increase of prices which coincides with the beginning or classes.

The CPE index is elaborated by the CEMA University, Applied Economics Centre. CEMA is a well respected and academically acknowledged.

Categories: Economy, Argentina.

Tags: Argentina.

Top Comments

Disclaimer & comment rules

ChrisR
Given the dearth of comments from the Argies, it seems inflation approaching 25% is no longer news.

I won't say I told you so, Ogaga.
Feb 17th, 2012 - 10:48 am 0
The Cestrian
Oh dear, the falsification of economic data would always eventually catch up with the RG's. Do we know how Argentina is getting on with their 180 day IMF ultimatum to produce the real economic figures ie the proper ones rather than the made up ones?

A litany of economic problems starting to surface for the RG's now.
Feb 17th, 2012 - 12:27 pm 0
GreekYoghurt
Do you think the argentinian government paid that lady to look like she was shopping? I guess they want people to believe that they can still afford to buy things.
Feb 17th, 2012 - 12:34 pm 0

Read all comments

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!