MercoPress. South Atlantic News Agency
Argentina with two August inflation measures: the official Indec, 1,3% and the congressional rate, 2.65%
Argentina has two consumer prices indexes, and they differ considerably. In effect during August the so called congressional index doubled the official rate: the National Urban Consumer Price (IPCNU) released by the stats office Indec, in the eighth month of the year was 1,3%, which means inflation in the first eight months stands at 18,2%. Read full article
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Disclaimer & comment rules1.3% ? 2.65% ? Can this be right what an amazing recovery........oh no those are monthly rates.
Sep 13th, 2014 - 08:04 am - Link - Report abuse 0inflation? that´s a lie of the vultures !
Sep 13th, 2014 - 08:54 am - Link - Report abuse 0Most people spent the majority of their salary on food, which is running 44%/year with salaries going up 30%.
Sep 13th, 2014 - 11:36 am - Link - Report abuse 0That's a lot of lost buying power.
CFK is going to dump around 200B pesos into the economy by eoy.
I think the days of 2 digit inflation are quickly coming to an end.
“Lower House member Gimenez claimed that not only inflation was too high but a detailed analysis of the different items shows that food remains the most volatile and climbing “which naturally affects the most vulnerable members of the community”.”
Sep 13th, 2014 - 07:31 pm - Link - Report abuse 0Looks like Trolley-Boy Tobi has chosen food over internet, haven't seen him around for a while. Certainly one of the most vulnerable members of the community.....................................
Wrong. I have decided to use my resources more efficiently. Quite different.
Sep 14th, 2014 - 01:17 am - Link - Report abuse 0Get it through your skulls, we ain't adopting YOUR economic system. Now bugger off.
Haha!
Sep 14th, 2014 - 02:59 am - Link - Report abuse 0Perfect troll-bait by ilsen @4 !!!
Look at that sucker bite!
I should start a new fishing enterprise! Obviously I have an apptitude for this!
I could be (s)quids in!
@5 4n conTroll
What economic system? You don't have one, only chaos. Keep posting under your USAF alias, that was more amusing than your fake Chinese one (yuan/juan)
;-)
Can someone tell that silly cow with the fat arse to shut up for two minutes.....
Sep 14th, 2014 - 12:10 pm - Link - Report abuse 0Please, Voice, you silly cow with a fat arse, SHUT UP!
Sep 14th, 2014 - 01:16 pm - Link - Report abuse 0Satisfied?
Titti boi....no one wants Argentina to change to market based economies, it's too difficult for someone like you to manage and conceive. But you just wait when Asslips Kirchner is out and either Massa or Macri is president, we'll watch you eat those words. However by then you will long be unconnected to the world via internet, electricity or both.
Sep 14th, 2014 - 01:51 pm - Link - Report abuse 020% of the population revived electricity bills 300% higher than last month.
Sep 14th, 2014 - 02:07 pm - Link - Report abuse 0That's after receiving gas bills up to 780% last month.
Its not a joke that people have to choose between food and internet or heat or lights.
It is only going to get worse.
@10
Sep 14th, 2014 - 02:37 pm - Link - Report abuse 0Why don't you prove those figures of 780% and 300%?
You won't. You are a LIAR.
LIAR.
As in you LIE. And you are proud of it.
http://www.clarin.com/sociedad/aumento-luz-capital-gba-edesur-edenor-hector_polino_0_1210679241.html
Sep 14th, 2014 - 02:55 pm - Link - Report abuse 0http://www.clarin.com/sociedad/aumento-luz-capital-gba-edesur-edenor-hector_polino_0_1210679241.html
There's articles on TN from last month saying some people
gas bills went up 780%. I don't have time to look for them now but you can read your own newspapers too,
Last I heard there were queues of up to 10,000 people A DAY trying to get subsidies reinstated.
Bahahahhaa
Gonna be a hot one this summer with the blackouts and no a/c
This summer is predicted to be the coolest in 20 years due to El Nino. Stormy cloudier weather in the north, and the increased heat content in the west pacific keeping the Jet Stream a bit stronger and bringing cool fronts from the south into the central parts. All that will keep temperatures very mild, but could cause a belt of heavy rain somewhere between Buenos Aires and Resistencia.
Sep 14th, 2014 - 03:00 pm - Link - Report abuse 0I hear the farmers in GBA ( most of the productive land) are a bit underwater right now and their Soy silo bags are now worthless.
Sep 14th, 2014 - 03:05 pm - Link - Report abuse 0That's sad.
Those poor guys were holding out for the huge devaluation coming and all their stock is now worthless.
I wonder how slim the grain planting/forecasts will be this year? I doubt many farmers can plant when its not profitable.
What a shame
Look for 3 digit inflation to start shortly, right after the next devaluation.
You think the gas and electricity is high now, wait for next year.
:)
You still think I pay attention to your ” 'predictions' ''.... how quaint.
Sep 14th, 2014 - 03:21 pm - Link - Report abuse 0I hope you are still stocking up on Sugar and laundry detergent.
Sep 14th, 2014 - 03:26 pm - Link - Report abuse 0Did I say these were predictions? Where?
These are foregone conclusions
Nothin' stoppin' this train now
watch that steep bend ahead....
:)
yb here's an indicator of things to come. Of course you remember Santa Fe in the city? Buenos Aires scaled down version of 5th, well when I was there in June the shelves were relatively thin. Now I here shops are closing left and right in droves. That city drives everything that is Argentina and when it collapses, Argentina is in the grave.
Sep 14th, 2014 - 03:50 pm - Link - Report abuse 0Also with soy prices dropping 30% from last year and Argentine farmer “hoarding” a crop of 10% more than last year, imagine what happens if they unload that crop? Price elasticity of this commodity certainly rules here. Kirchner is to fucking arrogant and more stupid. I am looking forward to December because I hope she does not make it to the helipad and hungs from the wires like a pair of sneakers.
When you own a retail establishment in Argentina you have to know what its going to cost to replace the item you are selling not what it cost you to purchase.
Sep 14th, 2014 - 04:41 pm - Link - Report abuse 0So not only is it impossible to import products, you may have to buy them with black market pesos or prepay for them and everyone knows there's a devaluation coming so how in the world do you know what the next item is going to cost?
It is better to hold onto everything and close up shop.
Ride out the storm.
Nobody seems to believe me when I say this next collapse will be much much worse and last longer than 2001.
Maybe by mid next year people will start seeing what I've been saying.
@17
Sep 14th, 2014 - 05:54 pm - Link - Report abuse 0And NONE of that has to do with CFK.
That is the whole point here. You people try to pretend it is somehow CFK who is to blame, when even Milton Friedman as dictator could not change ONE iota of any of those economic variables.
Have you talked to those shop owners? I have....what did they say to you why their shelves were empty or bare. Let's compare motes ok?
Sep 14th, 2014 - 06:34 pm - Link - Report abuse 0What is a mote?
Sep 14th, 2014 - 06:37 pm - Link - Report abuse 02nd... How do you resolve an imbalance of payment stemming from higher imports and lower export prices? Tell me Captaim Milton, HOW WOULD YOU DO IT???????
Silly boy the Ks caused the balance of payments issue and the inflation by taking years of surpluses and pumping them into the economy with welfare and massive subsidies.
Sep 14th, 2014 - 06:51 pm - Link - Report abuse 0Its textbook Marxism and its failed time and again everywhere its existed.
The system must now collapse so it can rebuild.
Nothing else can fix it
It'll take decades if they do it right.
“decades”
Sep 14th, 2014 - 07:01 pm - Link - Report abuse 0Good luck with that selling point when you run for a 4 year office. hahahaha.
And how would you Mr. Milton have grown the economy given that you would have purposefully stifled the internal market to keep inflation so low? Where would the demand for factories, wine, clothe makers, and raw materials have come from?
Motes is a typo for notes but you chica are trapped in a lost paradigm and can't see that. Anyway you failed to answer my question. One thing at a time. Mine question was first.....one at a time. What did the shop owners on Santa Fe.....even Callao tell you?
Sep 14th, 2014 - 07:02 pm - Link - Report abuse 0I have not been to Buenos Aires in over one decade.
Sep 14th, 2014 - 07:07 pm - Link - Report abuse 0I will tell you this though: people will blame the government in power because it is the obvious thing to do. You are sillier than I thought if you are going to base an argument on such a universal and superficial constant.
Who controls if a shop owner can import goods for sale? The shop owner? Manufacturers can't get goods, retailers can't.......nations complain about import practices. Your country is dying because of kirchner's policies which are catastrophic at best and counter productive always. Come December your country will be dead as will your leadership......which essentially is. In two weeks or so your second interest payment will come and go unpaid.....again. If the Patriots weren't waxing the Vikings like Kirchener is doing to her citizens I would not bother with you. On your best day you are sophomoric and detached from reality, mostly from your lack of experience. Now bring up something that has nothing to do with anything here. Deflection....what you do best. Ignorance is your most significant attribute. But it is not your fault.....your poor and wait for handouts and talking points.
Sep 14th, 2014 - 07:34 pm - Link - Report abuse 0We'll see how you cope with an opposition president next year.
Yes decades. At least 2 if they do it right.
Sep 14th, 2014 - 07:56 pm - Link - Report abuse 0They fcked with the market pushing out pesos to drive demand that wasn't there naturaly FOR A DECADE!
Its actually okay to do that for a little bit but the took it to an extreme and fundamentally fcked the economy.
Next year will be even worse. If the crops don't come in your going to have catestropic problems.
Those stupid shop owners then fail to see that if you just let imports come in indiscriminately, and the country can't export... that their CUSTOMER BASE will collapse and they will close anyways. Why?
Sep 15th, 2014 - 02:33 am - Link - Report abuse 0BECAUSE NO ONE WILL HAVE A JOB!!!
Stupid boy every civilized country in the world imports stuff they don't have or can't make cheaper and better.
Sep 15th, 2014 - 02:51 am - Link - Report abuse 0And we have jobs.
You're too stupid yo try to teach.
Just know all I've been saying for years is happening now.
It will get worse.
Much worse next year.
For some reason those “laws” of trade haven't worked in Argentina. When imports where unrestricted, unemployment soared to 20% and there was deflation.
Sep 15th, 2014 - 02:55 am - Link - Report abuse 0Lots of closed shops at the time too. So your idea failed, simple as that.
A country cannot function when it has billions and bilions in trade deficits year after year with no end in sight.
30. Stupid boy, that was the economy trying to heal itself. Again, your idiotic corrupted gov't interfered and didn't let it run its course and made the outcome even more horrendous.
Sep 15th, 2014 - 10:36 am - Link - Report abuse 0That's why I said you need at least 2 decades to fix this mess.
For your sake I hope if happens this time.
titti boi who taught you economics.......kissitoff?
Sep 15th, 2014 - 12:34 pm - Link - Report abuse 0Of course laws of trade can't work in Argentina when they are struggled with restrictions to the levels asslips kirchner places on them. That's like saying the roads lead to nowhere after you removed all the bridges crossing the rivers and gorges. Keep your head up your ass titti boi, it is smelling less repugnant than the streets of Argentina lately.....I've smelled them.
“I have not been to Buenos Aires in over one decade. ”
Sep 15th, 2014 - 03:54 pm - Link - Report abuse 0Aha, you are a Rustic Solipsist. Now I understand. Carry on. ;)
@29 Argentina can't have unrestricted imports for the simple reason that to get a growth of 1% on GDP an increase of 2% on imports is needed. This means that it is pretty much impossible for the economy to have long-term growth unless our structural problems are fixed. And if these structural problems are fixed by shutting down all industry like the market wants then we will end up like Bolivia anyway.
Sep 15th, 2014 - 06:14 pm - Link - Report abuse 0With 612 billion in 2013 GDP a 1% bump would be a tad over 6 billion. 6 Billion being 2% of imports...that equates to 300 billion in imports. There is no way Argentina imports 300 billion, 50% of it GDP in goods. 2013 was about 74 billion in imports.
Sep 15th, 2014 - 09:13 pm - Link - Report abuse 0@35 I said that when the GDP increases 1% imports grow 2%, the import bump isn't going to be the same as the GDP bump obviously. But since Argentina exports almost exclusively agricultural commodities, exports vary according to commodity prices and don't grow with GDP or imports. This is what causes the stop-and-go cycles (in addition to government incompetence which makes it worse).
Sep 15th, 2014 - 09:47 pm - Link - Report abuse 0Ahhh my bad I misunderstood you, that is why I asked. Thank you for clarifying.
Sep 16th, 2014 - 09:32 am - Link - Report abuse 034. Wouldn't you rather have a short term hit to employment/economy rather than the long slow death march you have been experiencing for your whole lifetime?
Sep 16th, 2014 - 01:08 pm - Link - Report abuse 0@38 With free trade policies we would be like Bolivia or Africa not just in the short term but forever. IF the market developed industry in Argentina it would work out but history has shown the free market only made a very small elite wealthy in Argentina and commodities can´t buy enough imports for our 40 million people to live in anything but squalor.
Sep 16th, 2014 - 04:42 pm - Link - Report abuse 0Our only way out is to develop an industry on the same scale as the USA and Germany, that can produce the latest technology, done in-house and importing nothing but raw products and cheap worthless manufacturing from China, just like the big world powers do. I don´t see that the invisible hand of the market can give us that. It has to be forced somehow.
40. Forcing the market is what got you into each and every collapse you've had in the last 75 years.
Sep 17th, 2014 - 11:54 pm - Link - Report abuse 0You're pretty thick, I doubt any amount of my sage advice will ever sink it.
If you are lucky you'll stay in the 2nd to last place above Venezuela.
If you're lucky
I don't think you are lucky.
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