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Consumer prices in Argentina decelerate, but controversy on how much persists

Thursday, May 15th 2014 - 07:14 UTC
Full article 22 comments

The Argentine consumer-price index climbed 1.8% in April over March, which means that during the first four months of the year it reached 11.99%. The CPI announcement was made by Economy minister Axel Kicillof at a press conference on Wednesday. However private estimates and the Buenos Aires City index show greater percentages. Read full article

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  • yankeeboy

    This gov't is never going to come into alignment with the IMF. The USA/EU froze IDB and WB loan disbursements and all of AxelK's screaming and pleading did nothing.
    So a few more U$B is missing out of their budget.
    I wonder if that is why the Peso is on the way down again.
    Something is seriously wrong at BCRA and I wish someone could tell me what....

    May 15th, 2014 - 11:23 am - Link - Report abuse 0
  • Mr Ed

    Is Mr Kicillof number two in these cartoons on low-value Argentine bank notes?

    http://www.bbc.co.uk/mundo/video_fotos/2014/05/140505_galeria_argentina_billetes_new_vs.shtml

    May 15th, 2014 - 01:06 pm - Link - Report abuse 0
  • yankeeboy

    AxelK said increasing direct welfare payments to poor people is good for the economy.
    There's no fixin' stupid
    No wonder this country is a disaster....and always will be.

    May 15th, 2014 - 04:23 pm - Link - Report abuse 0
  • CabezaDura2

    The only way I can think they are doing so is because they must have had a lot of obligations and payments set in April-May and June.

    El resultado en términos de reservas es sensiblemente inferior, ya que buena parte de los dólares que entran salen por la ventanilla de pagos del organismo para cancelar pasivos generados por importaciones de energía (en parte, de meses anteriores) o pagar vencimiento de la deuda pública (el lunes debe abonar US$ 240 millones por intereses del Bonar X). Así, de los casi US$ 1700 millones comprados en lo que va del mes apenas logró incorporar a las reservas unos 827 millones (49%), según la tenencia valuada en US$ 27.801 millones que difundió ayer (cuando sumó US$ 42 millones).

    Por ahora, el BCRA prioriza esa tarea antes de la de volver a darle volatilidad al tipo de cambio, que, desde hace 12 días, mantiene congelado en $ 8,01 a nivel mayorista.

    http://www.lanacion.com.ar/1682879-siguen-sumando-mas-dolares-que-reservas

    May 15th, 2014 - 05:28 pm - Link - Report abuse 0
  • yankeeboy

    4. They owed U$6B in payments for imports from previous imports but letting the Peso start to creep up then saying inflation is falling.
    Sheesh you'd have to be pretty dumb to believe them.

    May 15th, 2014 - 05:30 pm - Link - Report abuse 0
  • CabezaDura2

    The other night there was a debate in the ultra officialist 678 program in the Statal channel where they invited a Tomas Bulat. They had there own Mr nobody economist Fernanda Vallejos to confront him...

    I was surprised that Bulat went to this show anyway where it is full of ar*e lickers and K militants. Never the less pretty remarcable debate. Bulat walked over her. However the thing that seems to me is that they -Ks- most of them trully believe that there is a middle class forming and earning more as a result of “redistribution policies” so therefore the supermarkets press more on the consumers to set there power back and that is what causes inflation.... In other words inflation is the result of the government success in reducing poverty and the ones to blame for it are the supermarket and retail chains ...(¿¿??)

    http://www.youtube.com/watch?v=39Oan4NB2UY

    May 15th, 2014 - 05:41 pm - Link - Report abuse 0
  • yankeeboy

    Yes I know they truly believe it. That's the problem and why it can never be fixed with these morons in charge.
    AxelK isn't qualified to work at McDs.
    His is s stupid as he is whiny.

    I find it kind of shocking that they want to bring Argentina into collapse like Chavez did to Venezuela.
    Price controls have never worked long term ever in the history of the world.
    Why oh why don't they understand this?
    I think they have a mental disease.

    May 15th, 2014 - 06:04 pm - Link - Report abuse 0
  • CabezaDura2

    What I was amazed that Bulat beated them from the start when he said that total food retail in Argentina is only covered in less than 30% by large supermarkets like Carrefour, Coto, Vea, Jumbo, ChangoMas, etc the rest of the sells is all done by small neighbour hood shops, kiosks, Chinese markets, autoservices, etc.

    As you can imagine they are handicapped to controll the rest of the sectors.. Its only in the big stores and chains the Commerce Secretary can threaten and preassure. They cant stop El Mercado de Pablito a la vuelta” Rising 30% on Yerba, Coke, milk sachets and Sugar packets.

    Neither veggie, bread and meat shops that as you surely know, there is in any corner in a Argentine city.
    So price controls can affect a small retail sector, but over 70% is out of the gov't pressure anyway...

    May 15th, 2014 - 06:31 pm - Link - Report abuse 0
  • yankeeboy

    Plus the items that are under price control are always bought up by a few people then sold for more right outside the store!
    What a strange place.

    May 15th, 2014 - 09:28 pm - Link - Report abuse 0
  • MagnusMaster

    @6 This isn't new, the progressives and Ks blame corporations for raising prices instead of investing to increase production and causing inflation. This happened since 2003 in fact, though they weren't as loud as today.

    May 15th, 2014 - 11:27 pm - Link - Report abuse 0
  • CabezaDura2

    10

    Yes of course, at least in 2003 a lot of tariffs and costs had remained outdated since the 2002 mega-devaluation, but I meant she is a UBA degree economist. She nor Axel K should say that inflation is generated by supermarkets and the chains, and at the same time they say printing money doesn't generate inflation.

    The supermarket sells has fallen 6 % due to inflation. Why would the supermarkets generate inflation to sell less?? It doesnt make any sence.

    There is a certain limit to the way in which you can keep the economy fueled by inflation. The hace being incredibly good at keeping the system going and stretching it for so long. Ill give them that.

    Yesturday AUH per kid have raized a 40%. I have the feeling that between CFK Axel and Fabregas they dont know what they are doing. They are not a functioning team.

    May 16th, 2014 - 12:09 am - Link - Report abuse 0
  • Think

    (8) CaraDura2
    “CARREFOUR, CENCOSUD, COTO, LA ANÓNIMA, NEXUS PARTNERS, WALMART y CASINO…….... AUNQUE REÚNEN SÓLO EL 15% DEL TOTAL DE BOCAS DEL PAIS, TIENEN LA CAPACIDAD DE VENDER EL 58% DEL TOTAL ALIMENTOS Y BEBIDAS DE LA ARGENTINA.”
    http://www.faecys.org.ar/Informe_Supermercados.pdf
    (And remember that the “Supermercados Chinos” are included in “Precios Cuidados” programme)

    You begin to sound as turnipy as that cokehead Mr. Yankeeboy at (9) saying...:
    “... the items that are under price control are always bought up by a few people then sold for more right outside the store!”

    May 16th, 2014 - 04:25 am - Link - Report abuse 0
  • CabezaDura2

    12

    So why do you throwbacks blame only the big supermarkets then and not the chinese???

    the pdf file that the Commerce employees Union has a huge loophole as it doesnt talk about small veggie, bread and meat shops neither almacenes, kioskos which Bulat says 70 % of the consumption in the country chooses.

    If the large supermarket chains have 58% of a “potential” sells it doesn't make it relavant by any means. Its that 70% of sells that you have no clue about and are impossible to control by la Campora and the commerce secretaty thugs.

    So your point is???

    May 16th, 2014 - 10:37 am - Link - Report abuse 0
  • Think

    My point being that, whilst I always try to link to serious studies and reports about any given topic; you just parrot totally undocumented numbers from a biased second party...

    You keep saying...: Bulat says...... Bulat says...... Bulat says......
    Well..... Where do Mr. Bulat numbers come from...? Any Links...?

    May 16th, 2014 - 11:27 am - Link - Report abuse 0
  • yankeeboy

    The very very few items that are on the Price control list have negligible impact on the average Arg purchases.
    As I mentioned most are out of stock and are merely a couple hundred items out of 10s of thousands purchases.
    The PC list is HEAVILY weighted in the “new Indec” methodioogy even though the IMF warned them not to do it and everyone knows it is scewed to K fantasy territory.
    Silly Marxist fools
    It also looks like AxelK has lost a bit of his inner circle status. I wonder who he stopped sleeping with? Because is status certainly couldn't have had anything to do with his brainpower.
    He is as stupid as he is whiny.

    CD, Think has not been to Argentina since the 70s. He has no idea what he is talking about. Maybe ask about the prices in Scotland.

    May 16th, 2014 - 11:44 am - Link - Report abuse 0
  • CabezaDura2

    14

    Your sources are crap most of the time Think.

    Its embeded in the 678 video where he crushes your “economist” Fernanda Vallejos.

    Bulat is a very smart, well educated and respected economist.

    Your “totally undocumented numbers” comes from a Union whos boss has always been a close ally of Cristina Fernandez, however if you look at his numbers there is a HUGE GAP in sells that are missing that are covered by minorist shops all over the country.

    And besides what he says makes sence. Argentina is not a rich country where
    everybody goes to the big supermarket. Most people go to the corner or a block on foot to buy stuff.

    I go to the buthcer shop 100% times before buying meat in VEA where the meat is foul, the same as veggies as they are always cheaper in verdulerias and you have personalized attention. I would never buy any dairy and meat produce in a chinese supermarket or small shop as I suspect them off pulling the plug off at night to save up in power costs.

    May 16th, 2014 - 11:54 am - Link - Report abuse 0
  • Think

    20 lines of text and... not ONe single link or reference to your “Numbers”
    Well.... My bad for engaging with a Turnip...

    May 16th, 2014 - 12:46 pm - Link - Report abuse 0
  • yankeeboy

    I've read a number of articles saying if Argentina loses the world cup all heck is going to break loose.
    That would be hilarious and fitting end to these Marxist monkeys

    May 16th, 2014 - 01:06 pm - Link - Report abuse 0
  • CabezaDura2

    17

    Why do you want me to reference the numbers of Bulat when your own sources and link confirms what he says.... How can the big chains provide 15% of the consumption market be setting prices ???
    Moron tell me know, what does it matter to the unions that they big supermarket chains can potentially provide 58% of the market with their stocks???

    You are ever more stupid, you are!!
    You think you can just post a random source without even reading it and thinking it thorough properly to attack the government opposition, and you dont even understand what it means cause you dont have the previous knowledge and understanding of concepts. The same with your great great grandson Tobi

    May 16th, 2014 - 02:42 pm - Link - Report abuse 0
  • yankeeboy

    19. Nobody has ever claimed Think was smart. I would bet you can't find 5 posts he's ever made that are accurate.
    Not 5 out of 1000s

    Rut to 8.08 gov't rate and 11 blue
    Is is getting ready to jump again
    I didn't expect them to devalue until the Soy windfall dries up.
    Has it already?

    May 16th, 2014 - 04:02 pm - Link - Report abuse 0
  • CabezaDura2

    The dollar should be hold up till mid June max... and Im sure they will devaluate when all the populists are hooked on the World Cup.

    There will be in time all these “mini devaluations” as they call them rising the official by cents at a time.

    Winter is coming

    May 16th, 2014 - 05:37 pm - Link - Report abuse 0
  • yankeeboy

    Winter is coming and if BCRA is not up to U$35B by then you all are going to have a hard time keeping warm.

    May 16th, 2014 - 06:13 pm - Link - Report abuse 0

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