Argentina's February inflation 4.3%, according to the Congressional index

Thursday, March 13th 2014 - 08:14 UTC

Full article 6 comments

Argentina's inflation during February reached 4.3%, according to the so called Congressional index, which is an average of private consultants and is released monthly by the opposition members from Lower House Freedom of Speech committee. This means inflation in the last twelve months in Argentina reached 34.8%. Read full article

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bushpilot
Somehow the congressional “annualized” index of 61.7% is “coherent” with the Buenos Aires “annualized projection” of 42%.

Does that make sense?
Mar 13th, 2014 - 01:56 pm - Link - Report abuse 0
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CaptainSilver
@1 You failed to take into account compounding I 'Think'.

42% or 61%, either figure is really scary. If these figures apply to lifes basics the average person must be really suffering and any savings will be rapidly destroyed.

I wonder how much a botlle of Single Malt has gone up in the last 12 months?
Mar 13th, 2014 - 02:28 pm - Link - Report abuse 0
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GFace
Speaking math to power.
Mar 13th, 2014 - 04:30 pm - Link - Report abuse 0
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malicious bloke
40-60% annualised inflation ftw.

If I had my savings in pesos i'd convert them into US$ ASAP.

Oh wait, maybe not...

#Howtodestroyacountryinoneeasylesson
Mar 13th, 2014 - 05:18 pm - Link - Report abuse 0
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The Chilean perspective
That is some serious inflation. We should have seen some trending down particularly since the central bank has scooped up so much liquidity. Maybe the problem is bigger than meets the eye.
Mar 13th, 2014 - 09:15 pm - Link - Report abuse 0
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RICO
I have always wondered what Lots of money, but nothing of value being produced would look like.
Mar 14th, 2014 - 08:19 pm - Link - Report abuse 0
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