MercoPress. South Atlantic News Agency
Argentina’s official November inflation 0.9%; half the 1.81% congressional index
The discredited Indec stats again exposed Argentina's official inflation was 0.9% in November, rising slightly from October's 0.8% rate, the government stats office Indec said on Friday.
The country's official inflation figures have been widely discredited since 2007 when the professional staff from Indec was replaced by political cronies faithful to the Kirchner couple administrations.
Indec said November's consumer inflation was driven by a 4.7% increase in the price of housing and basic services and a 1.0% rise in the cost of household goods and equipment.
Prices in the heavily weighted food-and-beverage category rose 0.3% last month.
According to Indec inflation in the 12 months through November totalled 10.6%.
The official inflation rate was less than half the so called Congressional index based in the analysis of nine private agencies, which showed a 1.81% advance against the previous month, accumulating 25.4% in the last twelve months, “the highest in 18 months”.
Indec also reported that wholesale prices gained 0.9% (12% so far this year) and the construction-related costs rose 0.5% in November, accumulating 24.4% increase during the first eleven months of the year.
Top Comments
Disclaimer & comment rules-
-
-
Read all commentsno doubt stink and nostril anus will say this is a good thing
Dec 15th, 2012 - 01:44 pm 0I seriously doubt than many Argentines believe this figure, certainly not many living in Argentina, and having to live through it.
Dec 15th, 2012 - 03:16 pm 0Wonder if they will ever realise their government does the same thing to them about the Malvinas issue.
Tells them a load of Bollox, and accuses anyone who disagrees or questions them of being unpatriotic.
Whether the numbers are precise or fallacious it is a matter for Argentines to revolve. The government, whom we elect, has no obligation to anyone or any entity beyond the borders of the country. Those who repiningly insist this is an international matter are zealots with political agendas in which accurate consumer prices are near the bottom of the barrel.
Dec 15th, 2012 - 03:28 pm 0Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!