Lowering the price of power, Uruguay ends 2012 with an inflation of 7.48%

Saturday, January 5th 2013 - 05:59 UTC

Full article 4 comments

Consumer prices in Uruguay ended the year at 7.48% after recording the lowest December percentage in forty years: a negative 0.73%. However analysts and consultants anticipate that inflation in the first quarter of 2013 will remain above an annualized 8%. Read full article

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ChrisR
The government are hoping that the average person does not understand moving averages.

I spent a lot of money replacing old technology in my casa for new technology: all the bulbs are now superfast starting coiled tube fluorescents using 9w instead of 60W with more light than previously. New washing machine with brushless motor and thyristor control, fridge freezer that uses less than 20% of the (very) old one, these made the electricity bill plummet and we had the pay-backs for that.

But, it is now coming up to 24 months and I cannot keep making savings, there are no savings to be made in fact, so my bill, although much less than it once was will not qualify for the pay-back.

It is the same for the other little wheezes they are attempting to mislead us with. Anybody noticed the increases in groceries and fresh food? No reductions seen here or anywhere else along the coast.

Pepe is learning tricks from New Labour and I fully expect the statement that the pesos in our pockets is still worth as much as ever (Harold Wilsons famous lie).

And do they really need the IMF to point out that “recent initiatives to cut/freeze some consumer prices create distortions without addressing the root causes of inflation. In the view of the mission, extensive wage indexation is a key reason why price shocks feed into wages and core inflation”.

OH YES THEY DO!
Jan 05th, 2013 - 07:03 pm - Link - Report abuse 0
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Shed-time
Gotta get that inflation under control there, Mujica.
Jan 05th, 2013 - 09:44 pm - Link - Report abuse 0
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cornelius
Sorry ChrisR your assesment are quite right but as long as you have a socialist or psoudocommunist president that will not happen becose the fish sting from the head it requires a diffderent lidership and the power derives from the givens!
Jan 06th, 2013 - 03:22 am - Link - Report abuse 0
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ChrisR
3 cornelius

Don't understand the “fish sting from the head it requires a diffderent lidership and the power derives from the givens!”

But your are correct that the real problem is Pepe and his communist past. I don't think that the current crop of neo-communists in SA have quite got the idea that it failed: even in China.
Jan 06th, 2013 - 10:40 am - Link - Report abuse 0
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