MercoPress. South Atlantic News Agency
Argentine official inflation in February, 0.5% helped by 60 days price freeze
Argentine consumer prices rose 0.5% in February, the smallest gain since June 2009, after supermarkets and home appliance retailers agreed to freeze prices for sixty days, according to the government’s much questioned stats office, Indec. Read full article
Comments
Disclaimer & comment rulesNow excuse me, I aint no economist, but doesn't a price freeze mean just that, a freeze. Duhhhhh!
Mar 14th, 2013 - 09:10 am - Link - Report abuse 0Thats still 12% per annum and I don't believe it. Can you believe anything CFK says? It's all going to pot... Next junta please prepare yourselves....
Mar 14th, 2013 - 09:25 am - Link - Report abuse 0Perhaps an economist can explain this to me as it is somewhat opaque at the moment:
Mar 14th, 2013 - 10:09 am - Link - Report abuse 0The government freeze prices.
The Government then says “look no inflation”
Inflation essentially being price-rises
erm.... ?
And just what happens after the price freeze ?
Mar 14th, 2013 - 10:36 am - Link - Report abuse 0This situation will unfold like a dam full of cracks. Just because they hide the real prices for a while, doesn't mean that the problem is solved.
Mar 14th, 2013 - 11:20 am - Link - Report abuse 0The only people that believe that this is an effective solution can barely read, or have been lobotomized in a CFK cult ritual.
The main issue for the retailers with the price freeze, it destroys their businesses.
Mar 14th, 2013 - 11:55 am - Link - Report abuse 0So everything else has increased quickly in costs but they can only sell the product at the same price which means their margins are reduced but most likely in this case very probably negative which means they are running at a loss.
So if the product lets say fruit has increased in price and so has the transport costs, staff costs, marketing costs, possibly rent and other utility costs but the product you are selling to the end customer is still the same price but your overheads have rapidly increased, well then you're in trouble.
So essentially you destroy your own economy to fudge some inflation statistics.
freezing prices yet the inflation still rises even when The argentine government rig the game :)))) More please!!!!
Mar 14th, 2013 - 12:39 pm - Link - Report abuse 0.5% yes...yes of course it is, that is why Vale pulled out of Argentina like a clap infected vagina:
Mar 14th, 2013 - 01:03 pm - Link - Report abuse 0http://www.mineweb.com/mineweb/content/en/mineweb-mining-finance-investment-old?oid=181527&sn=Detail
There is a myth that Argentina is self sufficient on food. They import roughly U$10-12B a year, chicken from the USA, Pork from Brazil it is actually a pretty extensive list of products.
Mar 14th, 2013 - 04:21 pm - Link - Report abuse 0One could wonder when they will run out of products due to the price freeze. I bet there is about a 3 month supply in the system as a whole
There can't be much more
So price freeze in Feb...shall we say in June we will start seeing mass shortages? Black market...chicken, pork? If you can imagine.
Not gonna be long..
So my Burgundy Moccasins at Guido's are still available at the same price?
Mar 15th, 2013 - 03:29 pm - Link - Report abuse 0Get those Moc's now... Buy as many as you can...!!
Mar 17th, 2013 - 12:01 am - Link - Report abuse 0Does anyone remember the hyperinflation of the late '80's early 90's ... Changing the prices at the till...
Here we go again...!!
Or maybe KFC (Chicken Legs) can freeze prices eternally or at least until she drives all business into the sewers...
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