MercoPress. South Atlantic News Agency
Argentina’s 12-month inflation expectations remain steady above 30%, says UTDT
Argentina's 12-month inflation expectations held steady for a third straight month at over 30% in May, according to the median estimate in a survey published by the Torcuato Di Tella University. Read full article
Comments
Disclaimer & comment rulesThe administration of President Cristina Kirchner regularly and strongly denies charges that it manipulates Indec's economic data.
May 22nd, 2012 - 04:53 am - Link - Report abuse 0HAHAHAHAHAHA
KFC even joked at how crap the Indec figures were in her speech to the poor Angolians!
Cristina explicó que, durante el virreinato, en Buenos Aires y Montevideo “el 50 por ciento de la población eran negros”. Agregó que “eran los que iban al frente en todas las contiendas”. Enseguida, deslizó: “Y no era un censo del Indec, no van a entender el chiste pero después se los explicamos”.
Important point - these are the expectations of people being surveyed, not hard figures. While such expectations are a very significant component of the human factor in inflation, the people surveyed may find that the economy itself disagrees with them. The most worrying part of the whole article is the above-target increase in the money supply - the one and only way to have true hyperinflation (a la Zimbabwe) is an out of control money supply.
May 22nd, 2012 - 06:17 am - Link - Report abuse 0Presumably they are allowed to publish this because it's a survey of expectations and not inflations figures as such. Although I wouldn't be surprised to see some kind of harassment by the govt.
#1 What a lady, gotta love that wicked sense of humour =) Though she could just be joking at the perception of people like you...
May 22nd, 2012 - 11:42 am - Link - Report abuse 030% inflation that's not good especially when the average wage increase in Argentina this year will be about 5%. Trouble brewing...
May 22nd, 2012 - 12:26 pm - Link - Report abuse 0The'll be very luck to keep inflation in the 30s. I expect by the eoy it will be much higher, HUGE nat gas prices are coming along with higher taxes overall.
May 22nd, 2012 - 12:41 pm - Link - Report abuse 0Ks created a big mess and have no idea how to fix it.
Of course CFK needs bed rest for the next 48 hrs. All of this must be taking a toll.
The Mad Bitch of Argentina has a virus from her vist to Angola, it was reported in the BA Herald.
May 22nd, 2012 - 01:14 pm - Link - Report abuse 0Let us all hope it is not the Ebola Virus, or her face will drop off, along with many other things.
Virus, exhaustion or a bi-polar episode...who knows what the truth is....
May 22nd, 2012 - 01:20 pm - Link - Report abuse 0@6 I think you're immune to Ebola when you're at least 50% collagen. So, she should be good to go.
May 22nd, 2012 - 01:36 pm - Link - Report abuse 0We will soon know if it is really flu. 1) It is highly contageous so everyone else on that flight will go down with the flu. 2) She will not be out of bed in 48 hours.
May 22nd, 2012 - 02:55 pm - Link - Report abuse 0She takes an awful lot of time off work for a President.
@9
May 22nd, 2012 - 04:11 pm - Link - Report abuse 0Pity she doesn't take more time off - like go away and never come back would be good. :o)
@10 I agree. Argentina has no chance with CFKC at the helm. She is inadequate and out of her depth. Her mental health issues make her completely unsuitable for the job and only her narcissism keeps her there. I wish she would stop 'making great personal sacrifices' and bugger off. I have good friends in Argentina and I take no pleasure at all in the demise of their country and the very real sacrifices they will be making in the coming months. Watching her demise, however, will be better even than watching Chelsea win The Champons League last Sunday.
May 22nd, 2012 - 04:56 pm - Link - Report abuse 0Get well soon my Queen xoxo
May 22nd, 2012 - 05:57 pm - Link - Report abuse 0Commenting for this story is now closed.
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