MercoPress. South Atlantic News Agency
Argentina’s March inflation according to private estimates, 2.3%
Argentine opposition lawmakers presented on Thursday March’s inflation index based in the analysis of nine private agencies, which showed a 2.3% increase over the previous month. Read full article
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Disclaimer & comment rulesAnd Big Mac's are still “subsidised” @ $22 pesos yet every other price in burger king and maccy d's went up a pesos!
Apr 13th, 2012 - 04:31 am - Link - Report abuse 0the peronists need to stop making up shite about inflation!
NOW STAGFLATION soon DEVALUATION which brings HYPER INFLATION then long term DEPRESSION.
Apr 13th, 2012 - 12:48 pm - Link - Report abuse 0The path is clear and unavoidable with CFK in charge...
No surprise - it's running at 27% per year while UK inflation is down to about 4%.
Apr 13th, 2012 - 01:14 pm - Link - Report abuse 0Another disaster from CFK and Co.
3. This only accounts for 1 month of import restrictions wait until the end of the year! I bet it will between 30-40%! with 0 to negative growth!
Apr 13th, 2012 - 03:59 pm - Link - Report abuse 0Ugly scenario.
But if you ask Think or Axel they are still screaming all is well...all is well.
Inflation is a regressive non-linear consumption tax.
Apr 13th, 2012 - 07:46 pm - Link - Report abuse 0It can improve the nation's balance of trade - stimulating exports with a less expensive currency - and decreasing imports.
It is important to note that this “tax” on creditors is coupled with a simultaneous transfer to debtors - reducing their debt burden. By transferring wealth to people who are more likely to spend it, an inflation “tax” can further increase real (inflation adjusted) economic growth (beyond its beneficial impact on trade). It may also hasten new purchases since inflation makes it costly to keep cash. Inflation can increase liquidity in depressed real estate markets since it would increase nominal asset values back above the loan values. This improved LTV allows for people to sell their homes, and move to pursue better economic opportunities and as such can improve efficiency of the labor markets. In this way, an “inflation tax” can improve real (inflation adjusted) economic growth and improve employment. Therefore a very tight monetary policy which seeks to reduce inflation - even at the cost of real (inflation adjusted) economic growth and jobs can be viewed as a “stagnation tax”.
http://en.wikipedia.org/wiki/Inflation_tax
The government has released their March inflation rate as 0.9%.
Apr 14th, 2012 - 12:29 am - Link - Report abuse 0@3
Apr 14th, 2012 - 01:25 pm - Link - Report abuse 0UK has 4% inflation when it has 0 to -0.5% contraction? And the average salary has retreated in the UK 12% in seven years.
OUCH.
7 tobias
Apr 14th, 2012 - 02:24 pm - Link - Report abuse 0In real terms Argentina is also contracting when you take REAL inflation off your so called exports.
This year onwards will be worse because of the restrictions on items to be imported that are VITAL to your exports. Restrictions on car parts which are nearly all imported will cause the automotive production lines to stop (if they have not done so already).
Once you have lost the production - it IS lost. No amount of overtime (more cost) can make up for the lost vehicles.
This was the logic of 'Red Robbo' in the era of British Leyland. We had Red Robbo up for lunch one day at my company: on his own he was great company and could debate the problems knowledgably, BUT, put him in front of the media and their cameras and he became a first class idiot.
Unfortunately his union members did not realise what was going on and the rest is history. No UK owned car businesses left in the UK.
I didn't say the UK was contracting, I said your standard of living is.
Apr 14th, 2012 - 04:03 pm - Link - Report abuse 0Argentina's GDP growth (all GDP growth), is taken after inflation. The plot of “you subtact inflation from GDP” is a fallacious argument, a subreption almost.
Argentina is still growing, what IS going on now is that unlike in the last 10 years, the rise in salaries may not be able to further surpass inflation, thus only at best matching it or otherwise losing ground. That has nothing to do with GDP itself.
“There are statistics, more statistics and lies.” Mark TWAINE.
Apr 14th, 2012 - 05:45 pm - Link - Report abuse 0@9 Tobias
Apr 14th, 2012 - 05:50 pm - Link - Report abuse 0The problem is that CFK and Co are cooking the books - they won't admit to the 27-30% inflation rate stating that it is just 10%. It's all down to who you actually believe.
I believe the private estimates, which have said inflation has cooled to 20%, and this is corroborated by the Mendoza index (well respected for years and taken by international publications as a good estimate), by private (and opposition to CFK) economists and think-tanks and by the Congress index cited here. So inflation is not accelerating to 30% like predicted, though it could still happen. I'm not here to defend the inflation problem
Apr 14th, 2012 - 06:06 pm - Link - Report abuse 0However, living standards in your countries have been going down for 10 years, that is not my make believe story, that is something almost universally agreed upon by the people in Europe and the USA.
Sorry that should be, “Lies, lies, more lies and statistics.” My memories not what it was.
Apr 14th, 2012 - 06:15 pm - Link - Report abuse 0http://news.bbc.co.uk/2/hi/uk_news/politics/4553464.stm
Apr 14th, 2012 - 06:31 pm - Link - Report abuse 0This sounds terribly familiar. I thought anglo-saxon logic precluded such things from happening there.
The correct expression was: 'lies, damned lies and statistics'.
Apr 14th, 2012 - 06:31 pm - Link - Report abuse 0I used this in my statistics lectures to illustrate the lack of knowledge of the truth of statistics that most uneducated (in statistical mathematics) people have.
In my limited experience statistics seem to effect by what criteria they are recored by. Vis a vis, they can be manipulated either for or against a point in issue.
Apr 14th, 2012 - 07:16 pm - Link - Report abuse 016 reality check
Apr 15th, 2012 - 11:23 am - Link - Report abuse 0Absolutely correct: you only have to look at the INDEC figures.
However, such things are not statistics, they are LIES.
Statistics are not lies, by their very nature they cannot be as they only reflect the data that is presented. Yes, unskilled persons can make errors in computation, but that is the same for every other mathematical process.
The reality is very simple: if the sample (used to doe the statistical analysis) is representative of the population (the 'thing' being examined: people, oranges, motor cars, etc) then the result is truthful. If not then the statistics are skewed and do NOT represent the truth.
Simple as that really. :o)
Take my example. I am a retired police officer. The government were always keen to show a decrease in crime, in paricular, vioent crime. Hence the reliance on recorded crime figures, statistics.
Apr 15th, 2012 - 11:55 am - Link - Report abuse 0Take violent crime or offences against the person. Common Assault, Abh, Grevious bodily harm. Of these three, Common assault was not normaly recorded. It was usual to record Abh and above.
New home office recording rules were issued. Abh would charged and recorded as a common assault, which is still the case.
Thus using official home office statistics of recorded crimes, the Government were able to rightly claim that violent crime was on the decrease. In fact in reality all that happened was that the recording rules were changed and the “Goal posts” moved.
The home office justified this by claiming that the punishment scales for Common assault and Abh were the same and though charged with the lesser offence offenders would be still be punished the same as for Abh. In fact that never happened.
18 reality check
Apr 15th, 2012 - 02:09 pm - Link - Report abuse 0Spot on! but my penultimate paragraph covers that, though in this case it was political interference that caused it. And this is NOT an isolated example by any means.
How many times have our politicians altered the basis of calculating our pensions. I cannot tell you because I have lost count. And they are at it again in the recent budget! But again, it is not the statisticians responsiblity.
My 'saying' that I always put in my lectures is 'Beware of politicians bearing statistics'!
Amen to that.
Apr 16th, 2012 - 04:20 pm - Link - Report abuse 0Commenting for this story is now closed.
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