Uruguay forced to lower public utility rates to keep inflation below 10%

Monday, October 6th 2014 - 06:44 UTC

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Uruguay's inflation indicator dropped to 8.36% in September from 8.75% in August, according to the latest report from the country's stats office INE. During September consumer prices increased a full 1%, and 8,04% in the first nine months of the year. However despite the high percentage it is below the same period a year ago: 8.41%. Read full article

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ChrisR
“No Money Pepe” unilaterally put ANCAP (ALL liquid fuels inc Propane) prices up 10% early January.

He then complained that inflation was the enemy! Stupid bastard or what considering everybody and everything sold in the country has to use road transport, whether they own a moto, auto or travel by bus. ALL food and everything else has to come or be moved by road transport.

This will now be the fourth time since we have ben here that the government has had to pull stunts to manage the figures below 10%.

It's what you get when you have ex-Tupas, Marxist communist bastards “in charge” of the country.

Roll on the elections, perhaps things will change but I doubt it.
Oct 06th, 2014 - 12:41 pm - Link - Report abuse 0
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