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Ninety consecutive months of two-digit inflation in Argentina

Thursday, February 28th 2013 - 06:04 UTC
Full article 52 comments

Two-digit inflation in Argentina has reached 90 consecutive months, according to economist Carlos Melconian who added that since 2001 the prices’ increase in the country has averaged 500%. Read full article

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  • Anglotino

    He hasn't been arrested yet?

    I thought anything other than the 'official' line was tantamount to treason!

    Feb 28th, 2013 - 08:55 am - Link - Report abuse 0
  • ChrisR

    I think a visit from the tax authorities might be on its way.

    Feb 28th, 2013 - 11:20 am - Link - Report abuse 0
  • malen

    In 2015 Kris is out, she has an illness of being in power that ends in 2015.

    Feb 28th, 2013 - 12:27 pm - Link - Report abuse 0
  • bushpilot

    Will new politicians be able to repair this problem?

    How long would it take some right minded politicians, if elected, to at least put a dent in this problem?

    Feb 28th, 2013 - 01:04 pm - Link - Report abuse 0
  • Captain Poppy

    After exhaustive research, medical science have finally discovered the problems in Christina Kirchner's brain:
    On the left side there is nothing right and on the right side there is nothing left.

    Feb 28th, 2013 - 01:14 pm - Link - Report abuse 0
  • Condorito

    In a fast changing world, it is reassuring that somethings never change. ;)

    @5 lol

    Feb 28th, 2013 - 01:47 pm - Link - Report abuse 0
  • Conqueror

    Argieland. What a wonderful place to exist! Crippled “industrial” production. Poor “agricultural” production. God doesn't like argieland. Amazing corruption with Der Fuhrer's personal wealth increasing by thousands of per cent. Incredibly high “food” prices. Including meat contaminated with drugs banned in proper countries. Fruit and vegetables contaminated with death-inducing chemicals. Inflation heading for 30% at the rate of 1% per month. Constant fuel and power shortages. Brown-outs. Black-outs. Worthless currency. Railway death-traps. Riots, protests, street violence, street murders. What a lovely vacation spot! Must look into the methods of obtaining combat armour, helmets, knives and self-defence automatic weapons and ammunition. Would I need “training”? Probably not. In the event of a perceived threat, just open fire and turn in a circle. Aim low. The genital region. Should go through the heads of less-developed specimens. Remember urgent, emergency “medical” attention. Use the combat knife across the throat. How merciful! Put them out of their misery. And ours!

    Feb 28th, 2013 - 02:01 pm - Link - Report abuse 0
  • agent999

    no one is safe
    http://www.independent.co.uk/news/world/americas/no-one-is-safe-from-argentinas-drug-war-8512039.html

    Feb 28th, 2013 - 02:17 pm - Link - Report abuse 0
  • redpoll

    @3 malen What is your solution? Another two years of mismanagement and Argentina will be in a really parlous state. Your problem I agree but your countries mistakes have a nasty habit of infecting us on this side of the Plate. If she loses political support can she be impeached? Frankly its beginning to look like a rerun of Isabelita Perons presidency and we know how that ended. Even in thier weakened state the military might try a coup which I sincerely hope doesnt happen. Cara pintadas on the streets? Defininitely not a good idea. I hope your country will find a solution within the democratic process to find a solution

    Feb 28th, 2013 - 02:50 pm - Link - Report abuse 0
  • Optimus_Princeps

    @9 Some people are getting sick of it. The K's are used to bullying people that can't or won't fight back. But if you stand up for yourself, they get confused.

    The middle class is actually starting to stand up for itself. For instance, people are threatening to kill the neighborhood hooligans, if the police don't show up. Cristina can't afford to lose those votes, so they show up.

    I'm very sad things have got this bad in such a short period of time. We just need people to be willing to do more than just bang pots and pans at Crustina.

    Feb 28th, 2013 - 03:29 pm - Link - Report abuse 0
  • Captain Poppy

    #10 you all need to organize efforts and make a major statement in the mid term elections.

    Feb 28th, 2013 - 03:43 pm - Link - Report abuse 0
  • _INTROLLREGNVM_

    @10

    So you are willing to sell your soul and your nation to these iniquitous carpetbaggers, who have brought nothing but disaster to Argentina, just to fulfill vendetta against the Ks? Ok, get rid of Cristina, it has never been of my interest to take sides in politics, unlike what the loser foreigners here claim (quite fitting for them, to arrogate the gall to pretend what I believe). When confronting these out of land barbarians, one must show a united front. Foreigners are not part of the global society, they have no friendly intentions as demonstrated time and time again here. They are threats that need to be neutralized.

    You will find your situation far more precarious when a future government cozies up to outsiders.

    Feb 28th, 2013 - 06:29 pm - Link - Report abuse 0
  • Captain Poppy

    #10 You should be sad, ARgentina was ocne a great country and no longer anywhere near the status, in fact she has no status at all. The world is a VERY small place, a neighborhood of sorts. SA countries need to understand that they way they are going about business makes them the least desirable kids on the block. You middle classers find a way to rid the country of the kirchner plague and find a SMART individual to run Argentina from a global perspective, 5 years time and Argentina can make a climb back for it. It's juvenile for th trolls here to blame the world for Argentina's problems. I hardly see any suffering and sacrafice from the government there.

    Feb 28th, 2013 - 06:57 pm - Link - Report abuse 0
  • Donald Smith

    Comment removed by the editor.

    Feb 28th, 2013 - 08:09 pm - Link - Report abuse 0
  • Captain Poppy

    No need to send me your ass.....being an ass will suffice. If you think argentina and the United States are alike........I have an airport in bolivia to sell you .....cheap!!

    Feb 28th, 2013 - 08:16 pm - Link - Report abuse 0
  • Ayayay

    @14 Sussie

    Feb 28th, 2013 - 08:28 pm - Link - Report abuse 0
  • MagnusMaster

    @13 there is no smart person in Argentina to run the country, definitely not a peronist one. There is a common joke here: you can be peronist, honest and smart, but not the three at the same time. Since the Peronists are in control (and they will still be once CFK leaves) whoever will be in charge will be either an idiot or corrupt. The only two politicians who are capable of running the country in 2015 are Scioli (the dumb one, but also a bit corrupt) and Macri (the corrupt one). I´ll vote for the radicals on the mid-term elections because aside from Carrio they´re the only ones who never sold themselves to the Ks in important situations, but I know they won´t do squat. There´s no solution in sight for Argentina, not when every single politician is incompetent or corrupt.

    Feb 28th, 2013 - 08:39 pm - Link - Report abuse 0
  • briton

    two-digit inflation
    fxck you,

    says all that is bad of CFK ,

    Feb 28th, 2013 - 09:03 pm - Link - Report abuse 0
  • Captain Poppy

    MagnusMaster....that is sad. We have issues of corruption and all that in politics in the USA as well, everyone does. But it is not so pervasive. I like Argentina everytime I visit, sad to see it be destroyed. It all really started in the 40s with Juan. Perhaps it truly a time for a serious upheavel.....an Argentine spring. I know there are a lot of good people in Argentina and at at the point od exasperation, my wife's family is still there. I wish you as the best of luck.

    Feb 28th, 2013 - 09:11 pm - Link - Report abuse 0
  • yankeeboy

    12. Seems to me you need to see a Dr for your persecution/paranoia complex. A lot of that is going around in Argentina. It must be in the water with gosh knows what other nasties.

    Feb 28th, 2013 - 09:56 pm - Link - Report abuse 0
  • Orbit

    @13. A smart individual and an untouchable team of judiciary guarded 24/7.

    Mar 01st, 2013 - 12:04 am - Link - Report abuse 0
  • MagnusMaster

    @19 so you're from the USA. Be careful, very careful. I've heard there's a lot of income inequality there and it might be a fertile ground for populists. Also be wary of corporations, if they keep controlling the government with lobbies it won't end well for you. I wish you luck for you too!

    Mar 01st, 2013 - 12:25 am - Link - Report abuse 0
  • God.Is.An.Illusion

    @5

    very fanny!

    Mar 01st, 2013 - 12:37 am - Link - Report abuse 0
  • St.John

    @ 17 MagnusMaster

    what has been done in many countries might be a solution for Argentina too.

    If the majority of Argentinos join a political party of their choice, they can oust the corrupt politicians and select honest candidates.
    If they turn out to be corrupt too, they too can be ousted.

    But it takes honesty, self-discipline and endurance to do it and continue until the desired result has been achieved. I have many Argentine friends, but self-discipline and endurance don't seem to be their strong side.

    Mar 01st, 2013 - 03:31 am - Link - Report abuse 0
  • Captain Poppy

    #22 Not to the level that it is in Argentina. The inequality as you put it is mainly because the are a high number of millionaires and even billionaires. Mot people are doing ok, a lot struggling in these times but are ok. One needs to see it, then be told about the USA.
    There are no children juggling in the streets of Copley Square for money.

    Mar 01st, 2013 - 11:08 am - Link - Report abuse 0
  • MagnusMaster

    The people in USA are doing ok, but they don't like the billionaires who get rich at their expense.

    Mar 01st, 2013 - 04:07 pm - Link - Report abuse 0
  • Captain Poppy

    Mag....I think that is a safe assumption with most people worldwide. Though Warren Buffet is an admired billionaire as if Bill Gates.....they both give their money away.

    Mar 01st, 2013 - 06:42 pm - Link - Report abuse 0
  • Anglotino

    I love how people like MagnusMaster continual try to compare their country to America or warn of the consequences of becoming like America.

    If you don't want the US as a role model then choose someone else!

    Norway, Germany, Switzerland, Denmark, Ireland, Australai, New Zealand, Canada..... there's plenty of rich western capitalist countries that have a larger focus on social issues and wealth redistribution.

    Argentina is hardly stuck for choice between its current situation and solely the US.

    Mar 01st, 2013 - 08:17 pm - Link - Report abuse 0
  • MagnusMaster

    @24 the people in Argentina don´t like to participate in political parties, 95% of the people who join a political party in Argentina are psychopaths. I don´t think the situation in Argentina can be solved without outside intervention of some sort.

    Mar 01st, 2013 - 08:18 pm - Link - Report abuse 0
  • Captain Poppy

    The majority of AMericans and I would venture to surmise that the majority of many of countries people do not participate with political parties as much as they affiliate with the parties political philosphies. I use to participate in parties, help fund raise cold call and such in my youth.....no more. I class myself a moderate and independent and vote for the best candidate, which is hard to find at national levels.
    Just keep voting bastards out every term...they will get the message....revolt, always an option.

    Mar 01st, 2013 - 09:00 pm - Link - Report abuse 0
  • MagnusMaster

    @28 I never said I wanted Argentina to be like the US, although that would be an improvement. I only said that income inequality tends to give rise to populists. Why are you so upset?

    Mar 02nd, 2013 - 01:18 am - Link - Report abuse 0
  • Captain Poppy

    The USA went through some periods of populism over the past hundred years, but will never catch on like in south america. When you take Argentina's top wealth and bottom, then look at everything in between, there is not a lot in between. Do the same in the US or any free trading market based countries, there are so money social/financial classes in between the top and the bottom. For the most part people accept the class they reside in, the ones that don't work harder (further their education, better jobs) to climb to the next level. While there will always be forces (politics, global economics etc) that people...including the government have little control over, short of stealing the business, most people control a good portion of their own destiny, much to the disagreement of the trolls here.
    The Tea Party in the USA changed politics here. Not necessarily for the better, but nonetheless a classic example of the power of the people in democracies. In short, I am doubtful that populism will move in the USA like it moves in SA.

    Mar 02nd, 2013 - 03:27 pm - Link - Report abuse 0
  • olibeira

    El Carlitos and his baseless statistics.

    He likes the power but the power doesn't like him.

    At least he knows how to cook statiscs.

    I think he should go to INDEC because those guys are way less creative.

    Mar 03rd, 2013 - 01:35 am - Link - Report abuse 0
  • Captain Poppy

    Yes they are to stupid to be creative so they just outright lie.

    Mar 03rd, 2013 - 03:23 am - Link - Report abuse 0
  • olibeira

    The fact is that you can't accept the truth.

    Argentina is growing.

    You're just a big failure.

    Go find some food in the trash cans. That's what you do best.

    Mar 03rd, 2013 - 06:10 pm - Link - Report abuse 0
  • Captain Poppy

    you really make senseless statements. Are you sussie on meds?

    Mar 03rd, 2013 - 07:46 pm - Link - Report abuse 0
  • Anglotino

    It would seem that no one other than the Argentine government believes INDEC anymore.

    Few people would ever use the word creative when talking about their government statisticians. Seems to be the norm in Argentina now though.

    Mar 03rd, 2013 - 09:24 pm - Link - Report abuse 0
  • Captain Poppy

    I think la campora has reached critical mass. olibeira is an example of what they have to put forward as sacrificial trolls. At least the other tried and argued with utube and wikipedia. This one doesn't even know how ridiculous it sounds making baseless statements. Even INDEC has Argentina contracting in all sectors.......lol

    Mar 03rd, 2013 - 09:56 pm - Link - Report abuse 0
  • redpoll

    Viva La Campora! Viva Fat Max!! You will be the first to the wall when things go really wrong

    Mar 03rd, 2013 - 10:44 pm - Link - Report abuse 0
  • olibeira

    The fact is Argentina is growing.

    You can keep ignoring the elephant in the room.

    He is there anyway.

    So it doesn't matter what you say as long as Argentina is growing.

    Btw: It's growing way more than the UK.

    That's got to hurt.

    Mar 04th, 2013 - 01:25 am - Link - Report abuse 0
  • Anglotino

    Further to my above post is that many deluded Argentines believe their economy is still growing when it has come to a great screaming halt.

    With INDEC straight-facedly reporting inflation at less than half the real rate, who would believe their claim of 0.9% growth as last reported.

    Inflation is easy to work out. My country hasn't ever reissued an inflation rate they are that sure of the figure. So the fact that INDEC reports 11.1% inflation when everyone else can easily work it out closer to 30% makes you wonder how they could stuff up the latest annual growth rate of 0.7%.

    There's a fondness to compare this to the UK. So let's do that. The UK managed 0.3% growth with inflation of 2.7% and unemployment of 7.8%.

    Argentina had 0.7% growth with inflation of 11.1% and unemployment of 6.9%.

    The first difference is that the UK is developed and Argentina keeps sinking lower into developing. So it would be assumed Britain would have a lower growth rate. But HALF of Argentina's! And during a recession.

    The other difference is that no one believes the figures published by INDEC, so the truth is much much worse.

    More along the lines of no growth, 26-30% inflation and unemployment approaching double digits.

    That's got to hurt.

    Mar 04th, 2013 - 01:59 am - Link - Report abuse 0
  • Captain Poppy

    OUCH!!!

    Mar 04th, 2013 - 03:08 am - Link - Report abuse 0
  • olibeira

    Sorry but you don't understand anythinf about economics.

    I'm talking about Anglotino.

    Inflation doesen't matter because we're talking about real growth, not nominal growth.

    Argentina grew 1,9% in real terms.

    UK grew 0,3%.

    Let phrase it: Argentina 6x more faster than the UK.

    That's got to hurt.

    Mar 04th, 2013 - 11:56 pm - Link - Report abuse 0
  • God.Is.An.Illusion

    OUCH!!!

    Mar 05th, 2013 - 12:07 am - Link - Report abuse 0
  • Anglotino

    I love it when people prove me right.

    I'll just sit back and enjoy my 3.1% here. Which is much much higher than even the imaginary growth rate that Argentina supposedly enjoys.

    And with 2.2% inflation.

    How do we do it? Well first we stop lying..... pay our bills..... and hard work.

    No wonder rhe Argentine government has to lie to keep the masses placid. It seems to be working. They're everywhere on here; like placid sheep following each other, too stupid to realise the end is nigh.

    Mar 05th, 2013 - 01:13 am - Link - Report abuse 0
  • God.Is.An.Illusion

    @45

    I meant:

    OUCH!!! what a non-sense

    Mar 05th, 2013 - 08:50 am - Link - Report abuse 0
  • Captain Poppy

    Ashame olibeira never supports her/his statements with published figures, generally accepted facts....anything. Toby has had his 15 minutes of fame, it is now time to fade away and be ignored. Your digressing is over.

    Mar 05th, 2013 - 11:00 am - Link - Report abuse 0
  • God.Is.An.Illusion

    OUCH, OUCH ....

    And to avoid confusion, this refers to the non-sense coming from the KFC supports. And to anyone trying to support the lies and misinformation produced by the Arg government .....

    Mar 05th, 2013 - 12:22 pm - Link - Report abuse 0
  • olibeira

    I can't help but to feel sorry for those who can't accept the truth.

    Argentina is growing.

    It doesn't matter what you say because all the facts are against you.

    Captain Poppy all the other are just losers.

    Mar 05th, 2013 - 06:53 pm - Link - Report abuse 0
  • God.Is.An.Illusion

    Inflation is gowing.
    Unemployment is growing.
    Crime is growing.
    Debt is growing.
    Lack of tourists is growing.
    Ignorance in the KFC Club is growing.
    Arrogance is growing.
    Stupid comments are growing.
    Negative publicity is growing.
    Lack in trust is growing.

    I'm sure I must have left out a few?

    But no problem.
    You'll have to be patient.
    But as soon as the Government of the Republic of the Falklands has approved, they will buy the country - and everything is going to improve.

    Now, take your medication, and relax!

    Mar 05th, 2013 - 09:27 pm - Link - Report abuse 0
  • Captain Poppy

    #49 olibeirass....show the facts, you never do, or shut up....

    Mar 05th, 2013 - 09:54 pm - Link - Report abuse 0
  • Anglotino

    There are facts..... from INDEC!

    Bahahahahahahahahahahahahahahahahahaha

    Mar 06th, 2013 - 03:05 am - Link - Report abuse 0

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