MercoPress. South Atlantic News Agency
Uruguay 12-month inflation in January soars to 9.10%, as energy rebate ceases
Consumer prices in Uruguay during January soared 2.44%, according to the latest release from the stats office, INE, and the highest percentage since 2002. This means accumulated inflation in the last twelve months reached 9,10%, compared to the 8.52% for the twelve months of 2013. Read full article
Comments
Disclaimer & comment rulesAnother government living beyond its means and mismanaging an economy.
Feb 06th, 2014 - 05:12 am - Link - Report abuse 0Oh and to preempt Stevie Duck's comment about not worrying about Uruguay.... piss off you don't live there either.
By all means, spit it out... Talk about us. It's pointless anyway.
Feb 06th, 2014 - 05:39 am - Link - Report abuse 0You are pointless...
And we owe no Trillions ;)
Yes yes Stevie. I am pointless.
Feb 06th, 2014 - 06:28 am - Link - Report abuse 0But then again Uruguay doesn't really have an economy measured in the trillions now does it. Unlike some of us.
Speaking of trillions. I learnt today that Australians have saved A$1.75 TRILLION for their retirement...... oh that's right, assets don't exist in your worldview.
This “rebate” was ordered by the useless commie bastard aka our “president”. The idiot some other idiots put up for a Nobel Prize, but true to form he ran away from the “competition” process that all applicants have to go through.
Feb 06th, 2014 - 11:15 am - Link - Report abuse 0The rebate of course allowed this idiot to claim inflation was under 9 or 10%, some fictitious claim anyway. Those of us who live here (unlike “free energy” Stevie) have known for some time that either these bastards are lying or they don’t include real world items in the equation. My inflation estimate is 14% but for anybody paying rent it has to be much higher.
Either way my electricity bill zoomed to almost 6,000 Pesos (USD 281) FOR THE MONTH! OK, while the sun lasted, which wasn’t very long, we used our aircons, but this is nothing short of robbery.
It confirms, yet again, that commie bastards couldn’t run a piss-up in a brewery.
I am wealthy, but pity the poor sods that work for a living and have to put a significant part of their taxes towards paying for the commie bastards “Social Inclusion Scheme” which gives money to the “poor”. They are poor because they are too lazy to work and why should they now Pepe La Puke is giving them OUR money?
Am I upset by this old commie bastard, you bet I am, roll on Vasquez.
Chris,
Feb 06th, 2014 - 12:03 pm - Link - Report abuse 0Take a look at your electricity bill again. 22% is IVA (value added tax) or around$60 dollars.
The hydro dams are full to overflowing and generating at maximum capacity and so satisfying around 80% of demand at minimal cost
But the thermal oil burning stations have not been stood down as their production is “sold” to Argentina,almost certainly on a credit basis and meanwhile the local consumers pick up the tab
Even so UTE must be making considerable profits which go straight into the maw of rentas generales , some no doubt to pay for the ongoing PLUNA fiasco
ChrisR @ 4
Feb 06th, 2014 - 12:09 pm - Link - Report abuse 0I really don't think Vasquez will be better than Mujica. His administration was responsible for increased tax pressure and serious and longlasting mistaked in education.
If you'd been here at the time of the Lacalle administration you'd know that they built 50 thousand houses for the poor. In eight years the Frente Amplio has only managed 10% of that. The Lacalle administration was tainted by only one major piece of crookery - a director at the State Insurance Bank on the take. The Frente Amplio has been involved in the scandals of the Casinos, Hospital cleaning services, military purchases, Pluna and several minor ones.
This will probably give Guzz ... er ... Stevie apoplexy.
Any of the three opposition candidates would most probably do a better job than Vasquez, who may not be a Communist but he's certainly a fellow-traveller.
Ynsere,
Feb 06th, 2014 - 12:57 pm - Link - Report abuse 0Let's be realistic. Unless things go really wrong Vasquez will be our next president, hopefully without an overwhelming parliamentary majority so that some sort of check can be made on the crazier bits of legislation.
Vasquez has pledged to spend 6% of GDP on education BUT will this really result in higher educational standards.
Plan Ceibal was a godo idea but hasn't produced the required results as many of the teachers have little knowledge of how to work a computer, added to which many rural schools have no electricity.
I know a lot of dedicated teachers but there are some which are completely incompetent and can't be sacked because of trade union pressure.
So the first priority should be to educate the educators and then pay them on merit.
Salaries of good teachers should be on a par with the private sector to keep them in the system
uruguay better get its house in order before Argentina drags them down into the vortex with them.
Feb 06th, 2014 - 06:01 pm - Link - Report abuse 0@ 7 redp0ll
Feb 06th, 2014 - 06:03 pm - Link - Report abuse 0Spending an extra 6% on education will not even pay the teachers what they are owed plus this year’s raise. Throwing money at anything without a plan is almost certainly doomed to failure which is what happened with the laptops.
Two of my friends are teachers and good ones at that. Both have to do other work to make ends meet, one is our Spanish teacher and she is excellent. She tells me what is going on within the education system and it is no different than in the UK: it’s chaos.
There are no excuses for bad teachers but they have problems in the UK, just as here, to get rid of them and for similar reasons.
Unionist movements without checks on their power are invariably a disaster for society and the economy and I have personally experienced both just recently.
Uruguay will continue to stagger on with the myriad of small powerless political parties that have to band together to for “fronts” of one shade or another and if you want a European example, Italy is perfect.
My vote, when it comes will be for something different to the Tupas and their commie mates and that’s for sure.
You'll need to vote for Bordaberry or Lacalle the drunkard.
Feb 06th, 2014 - 06:36 pm - Link - Report abuse 0That latter one is quite a character, check up Berríos and Letelier... While you're at it, have a look at crime rates, poverty, life expectancy, minimum wages, inflation rates, unemployment rate and exportation during his last term behind the wheels...
The former one is the son of the jailed dictator of the same name...
Vazquez is a win-win for us, just a breeze of air for you lot... ;)
Your ignorance of Urugayan politics is lamentable Stevie. You have even got your generations mixed up
Feb 06th, 2014 - 07:05 pm - Link - Report abuse 0Larrañaga, little Pou... While that drunkard still breathes, he's the one in charge...
Feb 06th, 2014 - 07:17 pm - Link - Report abuse 0If you wish to descend to the level of the gutter without any constructive comments or criticisms, I will not.
Feb 06th, 2014 - 09:23 pm - Link - Report abuse 0I think you are right, he's awful. But nonetheless, it is true...
Feb 06th, 2014 - 09:49 pm - Link - Report abuse 0I'm just presenting the opposition for Chris, why does that bother you?
;)
Redpoll @ 13
Feb 07th, 2014 - 12:13 am - Link - Report abuse 0The crasser elements in the Frente Amplio tried to ruin Larrañaga's reputation by putting out gossip that he beat his missus, until she went on the record denying it. Now they're saying he drinks. All I can state is that I've met the man several times, including at a couple of wedding receptions, and he certainly hadn't been drinking on those occasions.
Remember that perceived corruption?
Feb 07th, 2014 - 08:54 am - Link - Report abuse 0One day Menem, de la Rúa, Lacalle, Battle and Bush senior had dinner at José Röhm's place...
Surely you know the story....
It's very interesting, as you lot actively condemn money laundrying...
@ 14 “Free energy” Stevie
Feb 07th, 2014 - 04:45 pm - Link - Report abuse 0You are quite correct to point out the short comings of the opposition but exaggeration and non-truths (I am not saying lies) are not at all helpful.
I was very wary of Pepe before we came but I was very hopeful by the voting patterns that he would be good for Uruguay. Now I have experienced the reality from 9th May 2011 I can only say how dismayed I am that he has wasted the money he has in giving it to the lazy poor instead of providing REAL jobs, and stuffing the government with non-jobs for his mates.
The corruption has been well documented and I have no doubt it is true, it is after all a tenet of all SA governments to try and get as much public money for themselves as they can, why should Pepe be any different?
But all this graft and corruption costs real people real grief and only the firm hand of a strong president with a genuine mandate from the “lawmakers” can work. As far as I can see there are no strong people who are willing to rise to the challenge and all the present mob of “lawmakers” just want things to carry on the same so nothing will ever change.
Well, as an incomer I can live with that if only for the fact that I can afford to, but I need to drop my concern for the genuine people of Uruguay who work and pay taxes because basically they are fucked by the system, but it’s their system.
Peep is after public money?
Feb 07th, 2014 - 06:14 pm - Link - Report abuse 0The entire world knows you are wrong, Chris.
You can say a lot about Pepe, and you do, but to say he's filling his own pockets is just pathetic and perfectly in line with your character.
@ 18 “Free energy” Stevie
Feb 07th, 2014 - 09:25 pm - Link - Report abuse 0OK. I'll give him the benefit of the doubt: his mates.
There, happy now?
So tell me, you agree with Pepe lining his mates’ pockets then?
Juan Carlos López Mena for one?
You obviously know fuck all about Pluna.
Feb 07th, 2014 - 11:52 pm - Link - Report abuse 0You really need to read up about a lot of stuff refarding Uruguay.
Pluna was a victim of many years of mismanagment and pocket filling.
Long before Pepe and FA...
Read, Chris. Read.
@ 20 “Free energy” Stevie
Feb 08th, 2014 - 11:45 am - Link - Report abuse 0Of course there were backhanders, etc. going on with Pluna, it’s LatAm after all.
However, the final fiasco was purely Pepe and his mates, notably the idiot in the Public Works and Transport Ministry.
Not only did Pepe grossly over value the planes, he split the routes off them and expected buyers to pay twice. WAFIdiot! Then his mate and the central bank buffoon fucked up the due diligence (there was none) and the rest, as they say, is history.
Well not quite, Pepe threw good money after bad with the ludicrous attempt of the “staff” to run the outfit.
But the reality is simple for all the Pluna problems and it is this: Pluna was a vanity object for the “lawmakers & co” in successive administrations. Why does a country with a population of just 3M NEED a flag carrier? The vast majority of the 3M can’t afford ANY mode of private transport and they most certainly cannot afford an air ticket to anywhere.
It really is about time these Tupamaro idiots realised WHAT they are “ruling”, London has a population of 7.2M a whole 140% greater than us. Do you get it now?
So, think, think and think again Stevie.
Instead of coming up with sad excuses and irrelevant comparisons, read...
Feb 08th, 2014 - 03:17 pm - Link - Report abuse 0@22,
Feb 08th, 2014 - 04:02 pm - Link - Report abuse 0Who caused the PLuna house of cards to collapse?
Sendic and though I don't agree with his politics when PLuna started passing bad cheques to pay for their fuel bills and were U$D 40 million overdrawn he quite rightly said no
ChrisR @ 21
Feb 08th, 2014 - 09:36 pm - Link - Report abuse 0The traditional thinking about why Pluna should not be allowed to collapse was that it brought in many tourists, rather than merely for the convenience for Uruguayans. This went on for decades, posting losses every year (but nothing like the present black hole). Then, along came the present government and their “I know better and I'm always right” attitude...
@24 ynsere, we ain't seen nothing yet. Black holes or pozos negros? You will understand the allusion.
Feb 09th, 2014 - 12:21 am - Link - Report abuse 0Alur at Bella Union, estacion Central in Montevideo, Fanapel in Juan Lacaze and the biggest one yet they are going to walk into Aratiri
@ 24 ynsere
Feb 09th, 2014 - 10:55 am - Link - Report abuse 0Yes, I can see how that fallacy was attractive to dim-witted politicians.
The reality is far simpler: if there are people needing to fly to Uruguay (and there certainly are) then some other service provider will apply for the slots.
No need to waste public money, OUR money, on this sort of ego trip.
How many national enterprises do you guys reckon we're sold at Röhm's place?
Feb 09th, 2014 - 05:10 pm - Link - Report abuse 0We know a bank that was left in Röhm's personal care. The rest is history as they say...
The Peiranos, Bush, Kissinger...
*sniff* *sniff*
Is that... fishes... or merely Eve doing the laundries...?
Rohm
Feb 09th, 2014 - 06:47 pm - Link - Report abuse 0Uruguay applied to Argentina for an extradition warrant for this man
The request was refused by Argentina
I bet he stopped feeling safe around 2004, he's now a criminal refugee in... USA...
Feb 09th, 2014 - 08:16 pm - Link - Report abuse 0Commenting for this story is now closed.
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