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Argentines expecting inflation above 30% for the next twelve months

Saturday, April 20th 2013 - 08:32 UTC
Full article 18 comments

Argentines are expecting an inflation of 34.2% in the coming twelve months according to the average from a monthly report released by a prestigious private university research centre based on surveys, Read full article

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  • yankeeboy

    I find it very impressive that the general population can call the inflation figure so well. They're usually right in the ball park every year.
    I wonder if they have taken into account the massive devaluation coming?
    My guess inflation will be closer to 40 than 30 by the end of the year

    Apr 20th, 2013 - 10:44 am - Link - Report abuse 0
  • mastershakejb

    lol argie trolls gotta be raaaagin right now

    Apr 20th, 2013 - 11:39 am - Link - Report abuse 0
  • Troy Tempest

    @2

    “Raging”, yes.

    It is all they can, rage and blame others.
    Their position is ultimately indefensible.

    Apr 20th, 2013 - 02:07 pm - Link - Report abuse 0
  • Simon68

    1 yankeeboy (#)
    Apr 20th, 2013 - 10:44 am

    It depends where you are in Argentina, in Patagonia it will probably be more than 40% whereas in Bs. As., Rosario, Santa Fe and Córdoba it will probably be around the 34% that the CIF are predicting.

    Apr 20th, 2013 - 03:30 pm - Link - Report abuse 0
  • Captain Poppy

    Simon you're Argentine, how do you think the mid terms will turn out?

    Apr 20th, 2013 - 05:48 pm - Link - Report abuse 0
  • ChrisR

    How does anyone cope with living in a society where your purchasing power reduces by 30% a year, nevermind 40% when they are on a fixed income?

    I have to ask as I have NEVER experienced anything like this in my life and my income, although 'healthy' is essentially fixed and even I could not cope with that for long without raiding capital.

    Raiding capital is OK as long as you have enough, but who knows how long they will live for and at 40% how much higher it will go?

    Apr 20th, 2013 - 06:57 pm - Link - Report abuse 0
  • yaghan

    #6: You may wish to inspect this webpage:
    http://www.wisebread.com/how-to-live-with-inflation

    Apr 20th, 2013 - 10:55 pm - Link - Report abuse 0
  • cornelius

    I can hear the winds of revolution they will not pass this winter!
    That is how they will cope.

    Apr 21st, 2013 - 01:10 am - Link - Report abuse 0
  • yaghan

    #8: Cornelius, ChrisR must be very grateful for your posting, which surely answered all his doubts! Are you normally so useful?

    Apr 21st, 2013 - 03:14 am - Link - Report abuse 0
  • Captain Poppy

    cornelius.....my wife lived there most og her life and her family is still stuck there. They have never really known life without double digit inflation. They get less than 25% raises they get upset. I get a 4% wage increase without a promotion it's considered quite a raise. However this winter, they are going to be experiencing heat shortages and more electricity outages. Even the pink house lost electricity last month. Generator died and they couldn't get parts......the Presidential palace!!! lol

    Apr 21st, 2013 - 03:38 am - Link - Report abuse 0
  • yaghan

    #10: electricity outages were also experienced in past years during the summer, especially in the Buenos Aires area, due to increased consumption of air conditioners.
    We get upset with less than 25% raises because we know that the inflation rate is higher than that, as we experience every time we go to a supermarket. That is the reason. Obviously, in a stable economy, a one-digit raise is a profit.

    Apr 21st, 2013 - 02:24 pm - Link - Report abuse 0
  • Captain Poppy

    There are lots of outages we had one in the BA city when I was there in Jan/Feb and there were many throughout the country. I usually visit once or twice a year. I think this winter will be hell for the people.

    Apr 21st, 2013 - 03:20 pm - Link - Report abuse 0
  • ChrisR

    7 yaghan

    Thank you very much for the link.

    Apr 21st, 2013 - 03:36 pm - Link - Report abuse 0
  • Brazilian

    Argentina's economy is obviously going through some serious problems. The sad thing is that Argentina's problems seem to make so many people here happy. Being happy at another's misfortune, way to go! Congradulations and a pat on the back, you sure are making the world a better place for humanity!

    Apr 22nd, 2013 - 04:12 pm - Link - Report abuse 0
  • Simon68

    14 Brazilian (#)
    Apr 22nd, 2013 - 04:12 pm

    Quite simply, the Brits on here are happy about our economic woes because the worse off we are the less danger we are to the Falkland Islanders. They feel that if we are preoccupied with the economy we will not be able to mount another invasion of the Islands.

    What the Brits on here can't get is that we've lived the last 70 years of our lives with double and triple (and once or twice cuadruple) inflation rates, and now the main difference is that we have no military to either attack the Falklands or take over the (mis)government, but really CFK will only scream about “Malvinas” because our economy is down the tubes!!!!!!!

    In fact the Brits on here should be hoping that our economy, by some miracle, could leap out of the doldrums so that the stupid b*tch would just shut up about the “Malvinas” and start doing the job she was elected to do!!!!!!

    Apr 22nd, 2013 - 05:57 pm - Link - Report abuse 0
  • Captain Poppy

    Kirchner has no one else to blame but her own riduclous policies.
    * She restricts and wonders why business will not buld businesses in Argentina
    *She outlaws greenbacks to finance, whatever she spends money on, certainly not storm drains
    *She steals private businesses without compensation and wonders again why business will not invest
    *She places price freezes and than lies about inflation
    *She defaults on 100 billion in money legitimately borrow and wonders why the developed world does not trust Argentina
    Every economic disaster that is now taking place in Argentina has a one word fault......Kirchnerites. I do feel sorrow for the Argentines, despite the fake ones here, I know most are decent people. But they need Kirchners, Victory, La Campora the rest of her thieving bullies out.

    Apr 22nd, 2013 - 06:19 pm - Link - Report abuse 0
  • ChrisR

    15 Simon68

    I agree with your comments and it must have been very difficult to manage with a young family, but at least you were working and had an income.

    How would you cope with that situation now, like me, you are retired and have to rely on a fixed income? AND as you have previously stated hope that the Regional government is still able to pay your money?

    My pensions are based in Britain and go up in line with the CPI or whatever the fairytale rate of inflation is called nowadays but will never be 40%. It is only my investment income which is ploughed back into the capital account that gives me the security I have that I can weather the present 12% for the foreseeable future.

    Of course both our governments will not have a problem: yours through illegal theft and the UK through the legal theft known as inflation proof pensions for all 'civil servants'. It would be amusing if it were not so tragic for those of us paying taxes in the UK that the 'civil servants' are neither civil or our servants, just a bunch of tossers in reality.

    Apr 22nd, 2013 - 08:54 pm - Link - Report abuse 0
  • yaghan

    #13: Not at all. My pleasure. Hope it was useful for you
    #15: Unfortunately, Simon, argentine politicians are behaving the way the military did during the Process. They have no true respect for their voters, nor do they feel any obligation towards them. This can be reverted, luckily, but it will require the combined effort of the whole population.

    Apr 23rd, 2013 - 01:41 am - Link - Report abuse 0

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