MercoPress. South Atlantic News Agency
Argentina among select group with the highest inflation in the last fiv-year period
Argentina is among the world’s countries which experienced the highest inflation in the last five years based on average data from the country’s private consultants and the IMF. The double digit inflation was estimated at 21.3%, an approximate average for the 2008/2012 period, and compiled by IERAL an Argentine business think-tank. Read full article
Comments
Disclaimer & comment rulesevery citizén has own ínflation raté in all cóuntries
Jan 05th, 2013 - 09:49 am - Link - Report abuse 0The government of CFK is surrouned with big liesas she governs Argentina as if it were her fiefdom. It is unfortunate for Argentina and for her as she has some good records on human rights issues. It is necesasry for her to change the economic policy and her dictatorship in many aspects.
Jan 05th, 2013 - 10:27 am - Link - Report abuse 0Yes they do and most of them know what the TRUE rate is, do you?????
Jan 05th, 2013 - 01:10 pm - Link - Report abuse 0This is a frustrating contradiction that we are faced with. Prices for imports are at least double, but the value of our currency is being diminished.
Jan 05th, 2013 - 01:15 pm - Link - Report abuse 0ButtPiratHunter will insist that Cristina's model is the “best” and that she's the best president that Argentina had in 40 years, even though he's in Canada.
Yes, nonsencicle isn't it?
Jan 05th, 2013 - 01:34 pm - Link - Report abuse 0My god, the Congo, Sudan and Argentina, will they be having a party for this accolade as well as the one they are having for managing to dodge a debt collector in Ghana.
Jan 05th, 2013 - 01:56 pm - Link - Report abuse 0I would be humiliated to the core if I lived in Argentina.
Tanking like no other economy in the world ... and still the faithful are to pig-ignorant to see the truth of it.
Jan 05th, 2013 - 02:00 pm - Link - Report abuse 0imagine trying to lie to the world bank and the IMF, what type of Tinpot Kretin would think this hair brained scam had any chance of success???
Jan 05th, 2013 - 04:05 pm - Link - Report abuse 0well at least she has secured the protection of Chubby chavez when the time comes to flee Argentinas baying mob.......Oooops!
this would explain her erratic panic stricken behaviour, face the music peronist!
I don't think they ever intended not to get caught. With everything it is a waiting game, she knows how long it takes US courts to come to a judgement, Int'l orgs to work through their systems, electric companies to fail, etc.
Jan 05th, 2013 - 04:35 pm - Link - Report abuse 0They have been lurching from one crisis to the next for a decade! Unfortunately for CFK everything and I mean EVERYTHING is coming to a head at the same time.
Remember once IMF redoes the Inflation and GDP numbers CFK/Arg will be on the hook for fraud and an estimated underpayment of Inflation linked bonds of U$ 20 Billion!
They have delayed, hid, lied as much as the world can tolerate and when it crashes it will be spectacular!
Crustina is without doubt a WMD! glad she isnt at the helm of my country!!
Jan 05th, 2013 - 05:09 pm - Link - Report abuse 0She's categorically buggered with this issue. However, the beating sticks of La Campora will get her out of it.
Jan 05th, 2013 - 05:55 pm - Link - Report abuse 0Yes, it is all coming to the conclusion many of us on here predicted some 15 months or so ago.
Jan 05th, 2013 - 07:13 pm - Link - Report abuse 0I just cannot see the final scenario in my mind yet: will she make it out with Cream Bun Man or will they be jailed (don't think so) or will they be eliminated (could very well be)?
Keep watching folks. It's a bit like the old Saturday morning picture show when I was a kid, but this is for real!
Inflation eats your savings account. Income taxes take from your current income. CFK should Stop red herring the Argentine economy with the Falklands and think about the “people”. The Argentine “people” and the Falkland Islands “people.” I want to hear her say “people.”
Jan 05th, 2013 - 08:03 pm - Link - Report abuse 0@13 once they change the constitution, she'll have an eternity to say 'people' as they're under the heel of her jack-boot.
Jan 05th, 2013 - 09:59 pm - Link - Report abuse 0time will tell, if crustina is re-elected by the argentine people after the hardship of the past 12 months then they deserve everything they have had and will get, she isnt finished by a long shot! I wonder how it will go down with her peasants when they find out she has been lying all this time :)))))
Jan 06th, 2013 - 01:32 am - Link - Report abuse 0O Happy days!
“They have delayed, hid, lied as much as the world can tolerate and when it crashes it will be spectacular!”
Jan 06th, 2013 - 06:43 am - Link - Report abuse 0It is the beginning of 2013.
Does anyone care to predict when this “imminent” crash is going to happen, give or take a few months?
If the world has “tolerated” as much as it can, and can tolerate no more, then Argentina's crash should be soon, no? When?
“Argentina among select group with the highest inflation in the last fiv-year period”
Jan 06th, 2013 - 12:20 pm - Link - Report abuse 0Well done Argentina and its democratically elected government!
who knows keep up the ignorance and you may end up top of that sh*t pile :))
looking forward for this sh*t to hit the fan, for sure !RED CARD!
@17 There's nothing democratic about exploiting poor people for votes. It's pretty rotten, like pedophiles luring children in with candy. Giving people the idea that they don't have to work, an inflated sense of self importance, and denying their transgressions is a way to create a consistant presense of crime, and a weak work force.
Jan 06th, 2013 - 01:17 pm - Link - Report abuse 0@16 I'm expecting the crash before the end of the year. We'll break out the pints to finally be rid of Queen Botox.
It is much easier to beat an inflation problem than to beat a “growth” problem.
Jan 06th, 2013 - 04:19 pm - Link - Report abuse 0http://www.indexmundi.com/g/r.aspx?v=66
”UK among the select group with the most woeful rate of growth in 2011 (chart above), and the last five-year period”
UK 183 of 216.... hahahahahaha.
Edged out in a tight race by SAN MARINOG and COCOS ISLAND. :)
But at least you barely squeeled by Madagascar.
UK! UK! UK! lol
Too bad for you Argentina has No Growth and High Inflation. A DEADLY combination. Tell me how you beat Stagflation? What do you think your brilliant gov't will do?
Jan 06th, 2013 - 04:28 pm - Link - Report abuse 0My guess is hyperinflation next year, they're already expecting 36% and I think that is underestimated after the coming devaluation.
Hey you did much better than the UK, a very respectable 166th!
Jan 06th, 2013 - 04:32 pm - Link - Report abuse 0HAHAHAHAHAHAHA.
www.indexmundi.com/g/r.aspx?v=66
Tough fight to get that ranking yankeeboy in 2011? Those Chadians and Saint Martians are some formibable competition?
Too bad you coudn't prevail against the economic juggernaut of Kiribati.
hahahahahaha
Toby, Argentina has been in recession since Nov 2011. INDEC stats are being used for that list so why are you trying to argue anything based on known falsehoods? Nothing better to do today?
Jan 06th, 2013 - 04:43 pm - Link - Report abuse 0Nossie V
Jan 06th, 2013 - 04:45 pm - Link - Report abuse 0Just remind me who that paragon of virtue is that publishes your country matrices: OH YES, it's INDEC!
SO, you have no clue WHAT the figures are other than they will be a figment of TMBOA imagination.
@19
Jan 06th, 2013 - 04:45 pm - Link - Report abuse 0The rate of inflation in Argentina for January is expected to exceed 3% and the forecast for the year 2013 is at least 30%
So if it so much easier to beat inflation how is Argentina managing to make a mess of it ?
In honor of Kiribati, who is superior to the USA in creating economic growth!
Jan 06th, 2013 - 04:46 pm - Link - Report abuse 0http://www.youtube.com/watch?v=9_5_AD9wXuY
Better get to work and stop posting here yankeeboy... Cocos Island is on your tail!
Yeah we'll still be #1 long after you and your children are dead.
Jan 06th, 2013 - 05:03 pm - Link - Report abuse 0Do you think your daddy is going to get a 40% raise this year? I doubt it. Even then it won't keep up with the Peso depreciation. I guess he needs to shoot for a 60-70% raise just to keep even in U$ terms.
hahaha
You are not even number 1 now. Your country is now so cash strapped it has internecine battles in it's congress every two months to juggle the failing house of cards. No one wants to invest in your country because there is no political and tax stability. You can't borrow anymore even when interest rates are zero. And imagine when they go up. Just a one percent increase in interest rates would mean hundreds of billions in interest, which means hundreds of billions will need to be cut, making growth even more anemic... raising interest rates again.
Jan 06th, 2013 - 05:10 pm - Link - Report abuse 0You are a fool if you think it can take decades for a collapse to happen, especially when your economy is so leveraged. Once the vicious cycle stops, it can't be stopped and the collapse can ensue in very short order.
Enjoy your lunch.
nostril continues to spew vomit and divert attention to the real issues and topic of the article at hand.....inflation. Gorwth and inflation are two different things so nostrils makes a feeble attempt to capitalize on apples and oranges. the USA, UK or any developed nation will never be able to surpass an UNDEVELOPED nation's GNP growth rates. When you have nothing you can generally ovly go in one direction.....up and fast and it enterpises of the developed world decides to invest in that particular nation. Nostril you know that or are too stupid in economics to understand the developed and undeveloped nations will never have comparable growth rates. You may want to look at sustained growth over a 20 year cycle .
Jan 06th, 2013 - 05:24 pm - Link - Report abuse 0You can only point you invalid fingers at the developed world, the onethat you have NEVER experienced first hand and wish it to recede, but it won't. You can never contribute to the topic of the article because is is too complex for your comprehension, you you resort to diverting the negative context of the shit vortex that asslips has created.
Looks like more rain in Buens Aires.........damn soy will never get in the ground.......bad for an agrarian economy.
It was interesting to see that Zimbabwe, that wonderful democratic country, was actually doing better than Argentina !
Jan 06th, 2013 - 05:28 pm - Link - Report abuse 0@29
Jan 06th, 2013 - 06:51 pm - Link - Report abuse 0How does it feel to be worse off than Cocos island?
Growth is only an issue for speculators and venture capitalists. It is Wage minus inflation that affects the quality of life for the people.
Jan 06th, 2013 - 07:14 pm - Link - Report abuse 0@30
Jan 06th, 2013 - 07:47 pm - Link - Report abuse 0I have no problem with your manipulation of figures/facts, if they suit your purpose/argument, so be it.
I know and accept that my country is not in its best shape and that actions need to be and are being taken to correct this, I do not blame the rest of the world for our problems, they are own fault for spending money that we don't have through mismanagement.
We however are trying to correct our own problems.
Problem here is the mismanagements of economy by CFK : it is true that the depression in the US and the EU is affecting many countries except Russia and Japan, to some extent China. But the economic collapse of Argentina is a self inflicted one: Argentina has huge resources but lacks technology, leading to the necessity of importing many high tech or even low tech products, however, thanks to CFK, Ford or Toyota, and other companies can not get some parts, materials, as they need to get US dollars. CFK does not know anything at all about these things. It is necessary to get rid of her as soon as possible and open its economy to the outside world with cautious policies to prevent speculators and other crooks from taking advantage of opne economic policy.
Jan 06th, 2013 - 09:13 pm - Link - Report abuse 0I see someone who CAN'T ARGUE is claiming “It is much easier to beat an inflation problem than to beat a “growth” problem” without even realising what they are saying.
Jan 06th, 2013 - 09:48 pm - Link - Report abuse 0Inflation steals future growth.
It erodes savings.
It depresses purchasing power.
It lowers productivity.
And worse with a fixed exchange rate it destroys export industries.
And it can eventually lead to a wage spiral which is definitely not easier to solve.
Argentina's inflation problem is NOT easily fixed otherwise it would have been and they wouldn't be lying about it.
You just can't argue.
On a side note, is it just me or did all the trolls just return from Christmas break? You would have thought they had more time on their hands rather than less over the past two weeks.
Argentina tolerates inflation because it provides a buffer from the massive suction sound you hear from the northern countries collapsing economies, trade, and standard of living. If they had proper, prosperous economies, then Argentina could cool it's own internal consuption because it would be able to be padded by strong growth elsewhere. It is no coincidence that before 2010 the economy grew fast with relatively mild inflation.
Jan 06th, 2013 - 11:57 pm - Link - Report abuse 0@31
But everyone here is saying things are better in Zimbabwe than Argentina... checked their wages and inflation?
I guess when it is time to compare Argentina to Europe... standard of living applies (so you can disparage Argentina). When it is comparing Argentina to the rest of Latin America, and Asia ex-Japan/South Korea, and Africa, and most of the middle east... then it is growth and inflation that count.
You see, you are all a bunch of losers that only care in painting Argentina in the worst possible light and that requires changing the rules of comparison and being a bunch of hypocrites, confabulators, and outright liars.
Your opening paragraph titti boi is the most stupidest, moronic statement that only an idiot defending an asshole can make. You and asslips are a pair. For every economic step forward argentina makes, argentina's inflation takes 4 back again.
Jan 07th, 2013 - 12:25 am - Link - Report abuse 0Inflation, as Anglotino stated above in 4 major effects of of inflation is bad in any economy. The 5th is it then starts effecting hiring, then ultimately slows, and like argentina, negates growth in GNP. You just spew out vomit because you can't argue for inflation.....you can't argue period....only type to feed your ego. When you feed and survive off your momma's teats, inflation is meaningless to children like you.
Look, bottom line, none of you actually want Argentina to do well, so you lie when things are going well (like now), or celebrate when there are problems. Those are the facts.
Jan 07th, 2013 - 12:44 am - Link - Report abuse 0To the boy who CAN'T ARGUE @35
Jan 07th, 2013 - 12:57 am - Link - Report abuse 0”I guess when it is time to compare Argentina to Europe... standard of living applies (so you can disparage Argentina). When it is comparing Argentina to the rest of Latin America, and Asia ex-Japan/South Korea, and Africa, and most of the middle east... then it is growth and inflation that count.”
Well I don't have room for the whole world but let's just concentrate on South America shall we?
Year on year growth in GDP as reported at the end of the last quarter:
Argentina 0.6%
Brazil 0.9%
Paraguay 2.0%
Colombia 2.1%
Guyana 2.8%
Uruguay 3.0%
Bolivia 4.42%
Suriname 5.0%
Ecuador 5.2%
Venezuela 5.5%
Chile 5.7%
Peru 6.5%
Lower than every single country in South America.
Inflation (the real rate not the pretend rate) is higher than every country in South America. Chile, Peru, Guyana and Colombia didn't even break 3.0%.
“You see, you are all a bunch of losers that only care in painting Argentina in the worst possible light and that requires changing the rules of comparison and being a bunch of hypocrites, confabulators, and outright liars.”
You are the one that just painted Argentina in a bad light not me. You stated a fact that is plainly wrong. I can hardly be a hypocrite, confabulator or outright liar after disproving your claim as false.
When are you going to get it? You CAN'T ARGUE.
”you lie when things are going well (like now)“
Don't you get it? Things are not going well. People have been trying to tell people like you for years that it wouldn't end well. I have stated facts that prove Argentina now has he lowest growth and highest inflation for the entire South American continent. No unfair comparisons to developed countries as per your request.
”Those are the facts.”
@37 Things are going well? Bloody hell, I'd hate to see what your version of a disaster would require. Even if there were rivers of lava running through the streets of Mendoza you'd be crowing about your low heating bills.
Jan 07th, 2013 - 01:04 am - Link - Report abuse 0First of all you provide no corroborating links. So as long as that remains so, your numbers are considered to emanate straight from your EEA (emunctory evacuation area).
Jan 07th, 2013 - 01:11 am - Link - Report abuse 0You are trully quite new at this aren't you? I will indulge for one second and assume your numbers are true (which I don't believe, read above)... Do you base an entire country based on a lone QUARTER?? How about using something more reliable, you know, something like the last five (5) years?
Oh, that's right, if you used the last five years you would fall into zugswang, and forced to flip upside down that [invented] chart of yours, because Argentina would be the nation witth the most growth of them all.
So pehaps, just perhaps, Argentina's growth was lower than the others because it had grown faster in the prior quarters? (indulgence of your unsubstantiated facts OVER)
Is that not the exact same excuse you Antis utilize to justify lower growth by the UK, USA, Europe, etc?
To recapitulate, you want to accord that expiatory explanation for the 1st world (the “we are richer and thus cannot grow as fast as poorer countries”), but you deny the same function to Argentina.
How objective of you...
Finally, Argentina's growth last decade is based out of a much higher per capita income than Peru, Ecuador, Bolivia, Colombia... even Venezuela, Brazil, and Uruguay. So our growth rate is even thus more laudable, if you had any shred of fair-mindedness, because the starting point is higher.
And you can't change any of the apodictic argumentation above.
@40 NT5
Jan 07th, 2013 - 04:44 am - Link - Report abuse 0Full marks for finally attempting discourse, even with the insults.
With only 2000 characters I cannot provide all the information I would like. My stats come from the statistical agencies for each country listed-feel free to refute them but they are fact. Also as far as I am aware, only INDEC is being accused of providing false growth figures at the moment.
“Do you base an entire country based on a lone QUARTER??”
I clearly said “Year on year growth in GDP as REPORTED at the end of the last quarter”.
As for the past 5 years, you are clearly hoping to show a trend; there’s none. Argentina did indeed grow quicker than many but this has now finished while others are actually accelerating. In your neighbourhood you are now ranked 12 out of 12.
“before 2010 the economy grew fast with relatively mild inflation.” We kept trying to tell people such as you this was coming, but you won't listen. I never said every economic policy of the Argentine government was wrong but they have lead to this, so it is clearly their fault.
Argentina is starting to suffer stagflation. It has quite literally stolen its future growth to bolster past growth.
”perhaps, Argentina's growth was lower than the others because it had grown faster in the prior quarters?”. Argentina went from the fastest to the slowest growing economy in SA-that is a major slowdown.
And developed countries don’t need to grow as fast. 1.5% growth on a $1.5 trillion economy is better than 4% on a $0.5 trillion economy. Basic math, especially considering Argentina is not rich and not a developed country. It is absolutely declining compared to most other countries and has been for decades now. Chile is more developed & growing faster, Uruguay & Brazil are fast catching up and Peru & Colombia are slowly making inroads. Argentina was top of the pack and but is heading to the middle.
Argentina’s frequent economic crises keep resetting the clock while others keep plodding along and catch up. Who is to blame?
@19 Nostrolldamus The 5th
Jan 07th, 2013 - 08:02 am - Link - Report abuse 0So now, having claimed that the UK has been in recession for the last five years, you now post figures that clearly show growth? I do love the way you are so stupid that you undermine all your own arguments. What is it like being thicker the frozen pig-shit? :-)
Issue here is not whether Argentina is better or worse than other countries, but why that stupid woman dictates to wreck the more or less sound and growing economy by isolating it from the world, especially since Argentinian economy depends on US dollar (you need to use US$ to buy a house or apartment, or even some electronic products), and also Argentina is till an underdeveloped country which needs to import high tech and even low tech products.
Jan 07th, 2013 - 09:53 am - Link - Report abuse 0Toby, This is what inflation has done to a HUGE portion of your population ( and it is only going to get worse in 2013 MUCH WORSE):
Jan 07th, 2013 - 12:41 pm - Link - Report abuse 01/3 of the urban population lives on U$5/day!! According to Indec you are NOT considered poor if you make more than U$2.50/day!
http://www.clarin.com/politica/Pobreza-indigencia_0_842915711.html
Can I see some “Clarin lies” posts please
@21 Just one point. Did indexmundi get its argie figures from INDEC? It's a lie then. Right?
Jan 07th, 2013 - 01:08 pm - Link - Report abuse 0@26 You're not seriously suggesting that Nosey might have children? Surely, for the sake of the world, it should be sterilised? I have a cleaver!
@35 Argieland “tolerates” inflation because it can't do anything about it. It is brought about by the “waterfall” of corruption and theft. Right at the “top” is El Presidente. Intent upon increasing her “personal fortune” to US$200 million at least before she has to escape. Next step down is the rest of the government. Fairly capable but hamstrung by the fact that CFK gets first dip. However, “personal fortunes” do tend to be in the hundreds of thousands of dollars. Notably, few, if any, members of the “government”, including El Presidente, are actually able to account for the sources of their money. Next in line are the owners of major businesses. Their money is more accountable. Usually acquired by increasing prices by, considerably, more than the rate of inflation. In order to maintain a proper “margin”. Next step “down” are the owners of smaller businesses. They attempt to follow the example of the owners of major businesses. However, their profiteering is constrained because their prices are more subject to observation by ordinary people. Right at the bottom are the “ordinary” people. They are mostly committed to tax evasion and failing to pay bills.
@37 Here's a couple of FACTS. You are a bunch of lying thieves. And thieves shouldn't prosper. Especially when they are genocidal war criminals as well. But you are right, to an extent. We do want to see you do badly. Because that way lies safety for people who matter. Have you considered ceasing to lie and steal, or attempting to steal? Have you ever noticed the differences between the responses to you and, for example, those to Simon68? Simon demonstrates intelligence, reasonability, responsibility, thought. What do you display? The exact opposite. And so you are judged.
You know I was thinking after I posted the above, not that long ago when I lived in BA most of my friends were making 1800-2200/mo and it was considered a decent wage, like for an accountant, bank personnel etc.
Jan 07th, 2013 - 01:54 pm - Link - Report abuse 0To see that wage going from decent to poverty in a reflectively short time period is frankly quite astonishing.
BOARING!!! Next subject please.
Jan 07th, 2013 - 10:20 pm - Link - Report abuse 0What? Are we about to go hunt boars?
Jan 08th, 2013 - 06:44 am - Link - Report abuse 0What does one wear when one is 'boaring'?
Why am I always the last to know?
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