MercoPress. South Atlantic News Agency
Uruguay inflation hard to break: in July it remained stubbornly above 9%
Inflation in Uruguay remains hard to break having reached 6.17% in the first seven months of the year, the highest since 2007 (6.38%) and over 9% in the last twelve months well ahead of the government's target of 3% to 7%, according to the latest figures from the stats office, INE. Read full article
Comments
Disclaimer & comment rules“No Money Pepe” is singularly responsible for this.
Aug 07th, 2014 - 11:55 am - Link - Report abuse 0He unilaterally put the cost of all fuels up by 10%, even the chairman of ANCAP knew nothing about it until it was announced by the illiterate, innumerate, Hamas loving murdering commie bastard.
Then, two months later he asked in the press “why has inflation gone up?”
Of course, he didn’t realise being innumerate, that 10% on fuel was self perpetuating down the entire supply chain for all goods and the majority of citizens who have to travel on road transport, private or public.
Anyway, the numbers quoted are fictitious from my own personal experience. I own my own house (so no rent), I am retired so only pay ‘income tax’ on my investments, etc, etc, and my observed price hike are over 12% according to my budget which is updated each time any costs are incurred and payment is made.
Mujica has, in less than four years, wasted the good economy he inherited from Vasquez and left his successor a massive problem to solve. Giving money to the lazy bastards who never worked at school and have never had a job just like their parents aka “The Poor” has created a major social rift in the area where I live. The people here who work for a living detest this cretin for this alone.
So the end result is don’t hold your breath for inflation to recede except after twelve months when the arithmetic has to use today’s numbers to calculate “the change” which of course is no change at all.
Why do you live in a place where the president is an illiterate, innumerate, Hamas loving murdering commie bastard?
Aug 07th, 2014 - 02:35 pm - Link - Report abuse 0(2) Lucdeluc
Aug 07th, 2014 - 04:34 pm - Link - Report abuse 0It's a recurrent ailment on many Anglo old age pensioners that choose the Expat alternative...
They grossly miscalculate their abilities & possibilities and, when confronted with reality, they get pissed with the locals and, eventually, return home...
Not long for that to happen to Mr. ChrisR, I reckon...
@ 2 Lucdeluc
Aug 07th, 2014 - 05:46 pm - Link - Report abuse 0Completely my fault! We came over to check the place out and were inspired by all the support for Mujica. The locals are now MORE upset with him than I am and it doesn’t really affect us, we have more than enough money until will croak.
We happen to love the country, my wife has been so much better with her asthma, only having to use her emergency version of the inhaler twice in 3¼ years instead of twice or more every week during the winter and several times in the ‘summer’ of the UK.
I am however really upset for my local friends who work very hard and have very little money when compared to what they would get in the UK. Businessmen are extremely affected by this thug, unless of course they are his mates and then it’s all a bit different for them.
We have a great time but the galling thing is that it could all be so much better for the Uruguayo.
@ 3 Lunatic.
You have been saying I will leave shortly after I got here and I have not left nor do I intend to. I am in the fourth year of you getting it wrong as you get most things wrong because of your screwed up mental health and support for the Crooks of The Dark Country.
Still in Scotland / Sweden / Chile / put any other country here....... But NOT The Dark Country, eh Lunatic?
Don’t overlook that you are much older than me so everything you claim for me has already visited you and as you have NEVER had any abilities and very few possibilities in your life I think I should have sympathy for you.
Not a chance you old twat.
I like Uruguay. And for retirement it's fine. But like many countries in Latam, there are to many people with their hand out waiting for any
Aug 07th, 2014 - 11:01 pm - Link - Report abuse 0“commie bastard” to slip em a “quid”for doing nothing.
Inflation is always and everywhere a monetary phenomenon.
Aug 09th, 2014 - 02:58 am - Link - Report abuse 0-Milton Friedman
Pepe's Printing Pesos. That is all.
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