MercoPress. South Atlantic News Agency
Argentina's inflation index in May, 1.4% and 13.5% in five months
Argentina's consumer price index revealed an inflation rate of 1.4% for May, down from 1.8% in the previous month announced on Friday Economy Minister Axel Kicillof at a press conference held at the Ministry in Buenos Aires. In the first five months of the year inflation stands at 13.5%. Read full article
Comments
Disclaimer & comment rulesCan someone do the math for me please.
Jun 16th, 2014 - 02:57 am - Link - Report abuse 0The Congressional Index says 39.9% for the past 12 months.
Kicillof says 13.5% for the past 5 months.
It seems to me that Argentina's “new INDEC elaborated index, which has been okayed by IMF’s Christine Lagarde” is still accelerating for over 30% this year.
13.5% sounds so low. However it is going to get harder and harder for Kicillof to make the number sound low and reasonable as the year goes on.
I am definately not an economist but how long can a countries currency last if inflation is 30% plus per year , year on year. No wonder the population are demanding 35% pay rises, surely something has to be done. Answers to KILLITOF
Jun 16th, 2014 - 07:08 am - Link - Report abuse 0C/o Casa Rosada as he obviously hasn't a clue.
The IMF hasn't okeyed anything. They said it was on the fight track and they're going to evaluate it for a year.
Jun 16th, 2014 - 11:17 am - Link - Report abuse 0The Ks ate such liars or they don't understand English. Or both.
The IMF also warned them not to use price controlled item in the calculations and clearly they are.
Tick tock tick tock
From the SCOTUS blog:
Jun 16th, 2014 - 01:32 pm - Link - Report abuse 0“Both of the Argentine bond cases have been DENIED. Sotomayor took no part”
I told ya.
Jun 16th, 2014 - 03:23 pm - Link - Report abuse 0Now let the fun begin!
Bahahaha
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!