Food, education and healthcare rising prices keep Uruguay’s inflation out of target

Wednesday, September 4th 2013 - 00:36 UTC

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Uruguay’s inflation in August kept climbing and reached 1.04%, totalling 6.74% in the first eight months of the year and 8.86% in the last twelve months, which is well above the Central bank target of 4% to 6%, according to the latest report from the local Statistics Office, INE. Read full article

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ChrisR
Lorenzo is the idiot who, last year when UTE were deeply in the red, praised them for MANAGING to pass the costs on to the consumer. NEWS flash: it’s a fucking government MONOPOLY you moron, where else can we go for electricity? My electric went up FOUR times in 12 months!

And now he and the rest of the five year old (mentally) “Ministers” wonder why they cannot control the inflation! Stop the stupid bastard Pepe from selling the future for his “Glorious” social inclusion programmes that do nothing to encourage new jobs and educate the illiterate. But I wonder if they are illiterate because they did not work hard in school? Two of my best friends are secondary teachers and I know the problems they have with the majority not bothering to do the work that through the year is a requirement for them to pass the exams. And Pepe himself denigrated the teachers personally by claiming they only work ‘a few weeks a year’ so what are they complaining about.

Now I have a shock announcement. If these figures are from INE, they must be having lessons from INDEC. I do not recognise the majority of these numbers, which DO NOT INCLUDE government monopoly price increases. Guess which items go up disproportionately to the others? Yes, you have got it right.

I run an Excel spreadsheet, YonY for every Pesos that we spend, everything. So I know what things cost us now going back almost three years. To January 2013, Housing 9.2% (I own my house so it is only council tax), Medical Insurance 12.4% (YTD 16.6% and another rise due in Jan), Food (we only buy the best) is at least 20+% YTD! Electric YTD 27.9% and who knows when the next rise will be foisted onto us by this epitome of the worst run business in Uruguay? Water (OSE) 4.1%. Motoring costs: car tax 11.6% (UYU 8549) Motorbike tax 6.1% (UYU 9892: yes, I pay MORE tax for my bike than the car!)
Insurance. Both more or less cancel each other out. Gardener (does a great job) 12.5%. Broadband (ANTEL the BEST run monopoly
Sep 04th, 2013 - 03:22 pm - Link - Report abuse 0
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Stevie
Chris, when you present the numbers as a percentage of the total, you end up with a sheet telling you, funny enough, how much a specific product or service added up in relation to the total.
It says nothing about the products or services going up or down in price.

But you know this too, don't you?
Sep 05th, 2013 - 06:29 am - Link - Report abuse 0
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yankeeboy
Uruguay is going to get dragged down with the imminent Rg crash.
Pepe needs to be put out to pasture immediately.
These Commies are ruining a very nice little country.
Sep 05th, 2013 - 07:12 am - Link - Report abuse 0
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ChrisR
2 Stevie

Please read the next bit:
Broadband (ANTEL the BEST run monopoly in the country) has gone DOWN by 32.38% while the speed has INCREASED to 10 Mbps from 5 Mbps).

It must be remembered that we are not typical of the locals in our usage but these numbers are factual and up to date for US.

“Lorenzo added that Uruguay has managed to ‘reduce macroeconomic risks’ and has ‘high rates of liquidity’ which has given it access to contingent loans that leave aside concerns about debt repayments or expenditure financing.” EXCEPT this has been at the expense of “extend(ing) in time (the) sovereign debt payments”. So it’s good old New Labour of “don’t pay today what we can leave for the next generation!

NOW: I did not present numbers as a percentage of the total but as an expression of their increase OR in the case of ANTEL, their decrease. With our lifestyle we do spend much more than other retired persons. This month our UTE electric bill was UYU 2,877 pesos, USD 129, GBP 89.90. While waiting to pay our bill the person in front of me paid UYU 640 for the same period. However, an increase of 27.9% YTD (another four months to run) is still a problem for this person, in fact it is probably a real problem to them, unlike me.
Sep 05th, 2013 - 03:05 pm - Link - Report abuse 0
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