MercoPress. South Atlantic News Agency
Last year’s official inflation in Argentina: 10.8%, less than half private estimates
Official inflation in Argentina was 1% in December ending the twelve months at 10.8%, which is less than half private agencies average estimate regularly released as the Congressional index, which was 2.1% and 25.6%, respectively. Read full article
Comments
Disclaimer & comment rulesDon't lick the toads!
Jan 16th, 2013 - 09:37 am - Link - Report abuse 0Red-card yet or more dragging-of-feet?
Jan 16th, 2013 - 09:53 am - Link - Report abuse 0It's a pathetic move to make less than a token effort to make accurate statistics. Sadly, even the inaccurate 10% inflation is worse than most countries in the world. When you get higher than 5% you see all the countries on that list are in a massive losers club for the crappiest governments in the world.
Jan 16th, 2013 - 02:12 pm - Link - Report abuse 0“There's inflation, but we are only going to lie a little less.”
3. What I have never been able to figure out and hopefully you can help me, in Argentina, when a store releases their mom or yoy sales growth, what exactly are they counting in that number?
Jan 16th, 2013 - 02:37 pm - Link - Report abuse 0For example let's say there was a 7%yoy growth in electronics sales, is that on top of the 25% inflation, the 10% inflation or is that gross sales volume in $ terms which means there is actually a huge decrease yoy?
I can't not figure out what they are actually measuring and what it means.
Thanks in advance!
It's 36%. But then it's 136% certain that INDEC is lying. AS IT ALWAYS DOES!
Jan 16th, 2013 - 03:02 pm - Link - Report abuse 0and the real exchange rate just hit 7.5/1 U$
Jan 16th, 2013 - 04:50 pm - Link - Report abuse 0come on 10!!
I hope the Rgs have taken my advice and stocked up on Sugar and Laundry Detergent.
tee hee
@4 yankeeboy I would like to be more familiar with the terminology you're using, and I should start learning, but I can relate my experience and hopefully that will in some way answer your question. For example, some items that used to cost double during Nestor's reign of retardation, now cost triple.
Jan 16th, 2013 - 05:27 pm - Link - Report abuse 0A laptop for a grand here, could by a laptop with double the RAM and a significant boost in processing power. A Gatorade that used to cost $5.25 (2009) costs $12 (2012). A lot of stores are closing, selling lower quality goods, and have their shelves poorly stocked. Clothing here costs about 80% more here. These are just some observations that you can use.
Argentinians that survive through a loopy economy form strong family units that invest all their resources in different ways to ensure that the whole family stays afloat when a new moron comes into power. The moochers that leech off of us just produce more children than they can handle and will suffer the consequences for their laziness.
2 Shed-time
Jan 16th, 2013 - 06:43 pm - Link - Report abuse 0more dragging-of-feet!!! More if-you-do-that-again-you'll-be-sorry!! ( Just like the last time!! )
So here is a little problem and I wonder how it will be solved;
Jan 16th, 2013 - 09:16 pm - Link - Report abuse 0Peso is 7.65/1U$ today
What happens when Farmers sell their soy and are paid OVER 50% less in peso terms compared to THE REAL EXCHANGE RATE.
If I were them I wouldn't sell at that price. I would just wait until the gov't collapsed.
9 yankeeboy (#)
Jan 17th, 2013 - 03:39 pm - Link - Report abuse 0Jan 16th, 2013 - 09:16 pm
I think that is what the Federación Agraria Argentina is suggesting that their affiliates do, in other words blackmail CFK into lowering the export taxes!!!!
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