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Argentina inflation in nine months of 2012 reached 18%, says “Congress index”

Friday, October 12th 2012 - 06:06 UTC
Full article 26 comments

Argentine opposition lawmakers presented on Thursday September’s ‘Congress inflation index’ based in the analysis of nine private agencies, which showed a 1.93% increase against the previous month and 18% in the first nine months of 2012. Read full article

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  • Troy Tempest

    18% ???

    How many “tasty tacos” can you buy NOW, Soozy-Woozy ???

    Oct 12th, 2012 - 06:13 am - Link - Report abuse 0
  • mastershakejb

    LOL!
    btw it's empanadas there, not tacos :P much smaller than tacos
    And a decent empanada there now costs nearly 6 pesos. So according to Cristina's calculations(13 pesos to eat), they can afford TWO empanadas per day ;)

    Oct 12th, 2012 - 07:16 am - Link - Report abuse 0
  • DanyBerger

    Well seem even for liar inflation have been down 18% (24% annually).

    Last year they were projecting 27% for 9 month (annually 35%)

    Even IMF archenemy of Argentina had said the this statistics are not accurate and over played.

    After 7D when “ClarinMiente” and “La Destruccion” go for scrap inflation will be reported accurately as should be.
    All prices in Argentina now are quite stable and some have dropped.

    Oct 12th, 2012 - 09:24 am - Link - Report abuse 0
  • Ken Ridge

    You're a comedian Dany.

    Oct 12th, 2012 - 10:05 am - Link - Report abuse 0
  • yankeeboy

    Dany, You may be surprised to learn that in legitimate countries when GDP falls Inflation falls with it,
    What you have is NEGATIVE Growth ( Recession) and the highest inflation in the Americas.
    It is call STAGFLATION.
    It is the just a few steps from Devaluation, Hyperinflation and Depression.

    Oct 12th, 2012 - 10:37 am - Link - Report abuse 0
  • Welsh Wizard

    “All prices in Argentina now are quite stable and some have dropped”

    Figures please

    Oct 12th, 2012 - 11:21 am - Link - Report abuse 0
  • yankeeboy

    Hotel rates in BA have dropped but that is because there aren't any tourists....
    Care to name some more?
    I hear nat gas prices are going to soar shortly
    Lots of cars run on nat gas
    Rut ro

    Oct 12th, 2012 - 11:24 am - Link - Report abuse 0
  • Captain Poppy

    “All prices in Argentina now are quite stable and some have dropped”

    Until dumburger is spending money there, he can say anything, which he does.

    Oct 12th, 2012 - 12:07 pm - Link - Report abuse 0
  • Idlehands

    It's suddenly dawned on me and now all makes sense. Danyburger is a goldfish and can only recall prices from 20 seconds ago. It also explains the quality of his posts.

    Oct 12th, 2012 - 12:21 pm - Link - Report abuse 0
  • Troy Tempest

    @1
    Soozy - Woozy uses the term “tasty tacos” in a derogative fashion, perhaps as a dig against Mexicans

    Oct 12th, 2012 - 12:58 pm - Link - Report abuse 0
  • Condorito

    @9 good one.

    @Dany
    How long since you have been to Argentina.

    @ general Friday ramble:
    Just a couple of months now until my town is flooded by Argies on holiday, going crazy in the supermarkets and stores buying goods they can’t get at home. I have an apartment that I rent out over the summer to Argies. Contrary to what many on this forum think they are generally great people the Argies. We tend to get the ones from Mendoza and San Juan who are not as arrogant as their porteño compatriots. One thing they all have in common is that they despise CFK (much more than Nestor). It makes you realize where the CFK support base is.

    Oct 12th, 2012 - 01:41 pm - Link - Report abuse 0
  • Captain Poppy

    Let's see:

    The trains-

    http://www.buenosairesherald.com/article/114000/sarmiento-train-line-service-suspended-due-to-union-conflict-

    The schools-

    http://www.buenosairesherald.com/article/114000/sarmiento-train-line-service-suspended-due-to-union-conflict-

    The Debt-

    http://www.buenosairesherald.com/article/114000/sarmiento-train-line-service-suspended-due-to-union-conflict-

    The dropping peso-

    http://www.buenosairesherald.com/article/114000/sarmiento-train-line-service-suspended-due-to-union-conflict-

    And let's not forget the loss of Free Press-

    http://www.buenosairesherald.com/article/114000/sarmiento-train-line-service-suspended-due-to-union-conflict-

    Oct 12th, 2012 - 02:16 pm - Link - Report abuse 0
  • ChrisR

    @12 Captain Poppy

    You have overlooked the real upset of the week:

    Flagship captured by American Pirates, aided by sneaky Vulture Funds, puts one over on TMBOA!

    Oct 12th, 2012 - 02:41 pm - Link - Report abuse 0
  • Leifur_Heppni

    11@ the food selection is really poor in Argentina. They have more variety in Bolivia. When i went to Argentina i thought they would a have rich variety of foods, but no. Even the beef is not like it is advertised and almost all food tastes strange, different that it should. Well, tuna tastes like tuna.

    Oct 12th, 2012 - 03:11 pm - Link - Report abuse 0
  • Captain Poppy

    Chris that I did........I think this is still not quite over though. Will be interesting to see where she ends up at.

    Oct 12th, 2012 - 03:19 pm - Link - Report abuse 0
  • KretinaKK

    Comment removed by the editor.

    Oct 12th, 2012 - 04:15 pm - Link - Report abuse 0
  • Condorito

    @15
    In the Riachuello with a concrete handbag would be fitting.

    Oct 12th, 2012 - 04:16 pm - Link - Report abuse 0
  • KretinaKK

    Comment removed by the editor.

    Oct 12th, 2012 - 04:51 pm - Link - Report abuse 0
  • Troy Tempest

    @18 KKK

    PLEASE STOP SPAMMING!

    We get it, very very interesting, but please use more brevity.

    Perhaps challenge the trolls with a sentence or two, and argue it out...

    Oct 12th, 2012 - 05:29 pm - Link - Report abuse 0
  • mastershakejb

    @12
    You forgot the biggest news story about the trains. When I was in Argentina, in February, a train crashed and killed FIFTY people, and injured hundreds more.
    Argentine infrastructure, it's all from 1940-1970's and hasn't been maintained at ALL, still just slowly dilapidating.

    Oct 12th, 2012 - 06:31 pm - Link - Report abuse 0
  • Ayayay

    @3

    18% IN NINE MONTHS.
    Read a headline, they're easy!

    That is 22% for the year
    ..unless-the speed of inflation is increasing. 24% is closer to accurate than INDEC.

    U.S. is 1.7 this year ;) Good job, technocrats with numeracy!!!!

    Oct 12th, 2012 - 07:13 pm - Link - Report abuse 0
  • ChrisR

    21 Ayayay

    18/9*12=24% ;o)

    Oct 12th, 2012 - 07:38 pm - Link - Report abuse 0
  • Captain Poppy

    I was in BA the week before that crash in the train station. I think is was brake failure or something. I took one of those train to El Tigre.

    Ayayay....no Argentine believe USA figures, they think it can be manilpulated like in Argentina. Even though the world knows it is independant of the executive and legislative offices.

    More Argentine bond sell offs......really sending the yields through the roofs. The peso needs to be at 6 to a dollar by years end to keep inflation under 40%. Why are they still allowing cfk the have oxygen?

    Oct 12th, 2012 - 08:05 pm - Link - Report abuse 0
  • Ayayay

    @ Chris, you're so right, lol

    Oct 12th, 2012 - 08:28 pm - Link - Report abuse 0
  • St.John

    @ 3 DanyBerger

    I have a wad of Argentine supermarket tickets covering April 2009 to April 2012 which shows the real inflation based on real purchases with article number, -name and price, so one can compare.

    2009: 16%
    2010: 18%
    2011: 25%
    2012: 24%
    2009-2012: 212%

    Oct 13th, 2012 - 02:22 pm - Link - Report abuse 0
  • Captain Poppy

    ST. John......stop fucking with their heads by using actual facts. Inflation does not matter dumpburger, he does not live there. He's a refugee those sought political asylum.
    For a country the tells the world inflation is X, yet it hands out wages increases of Y. Wages increases are the most inline to inflation worldwide.

    Oct 13th, 2012 - 03:16 pm - Link - Report abuse 0

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