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Argentine inflation: make your pick, in October anywhere from 1.2% to 2.3%

Saturday, November 15th 2014 - 07:59 UTC
Full article 43 comments

A reliable universally accepted rate of inflation in Argentina seems hard to come by although there are a battery of estimates, each of them arguing they are supported by statistically proven methods and thus the certainty of the indexes released. Read full article

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  • Mendoza Canadian

    +2.3 %

    Nov 15th, 2014 - 11:21 am - Link - Report abuse 0
  • yankeeboy

    I think CFK is counting on a U$1.7B WB loan that's up for review in Feb 2015.
    I can't imagine how they think they'll be eligible when they are also being reviewed at the IMF for possible expulsion

    Living a life of delusion must be wonderful until reality starts to interfere.

    Nov 15th, 2014 - 12:19 pm - Link - Report abuse 0
  • ChrisR

    It's just a comedy of errors set in real life.

    40% + inflation!

    I cannor imagine how ordinary workers are going to be able to cope with it.

    Nov 15th, 2014 - 03:18 pm - Link - Report abuse 0
  • yankeeboy

    And in the Venezuela model they've been following, they're now talking about massive food shortages, 4-6 hrs lines in not considered massive I guess, due to the oil price drop (psst Soy has dropped about the same) default and hyperinflation.
    I thought for awhile Argentina would blow past Venezuela but now maybe it will be a photo finish.
    Who'll get to hyperinflation first?
    toss up

    Nov 15th, 2014 - 03:32 pm - Link - Report abuse 0
  • dsullivanboston

    You get fined for disagreeing with a lie in Argie land? I will enjoying seeing this toilet sink in the coming months..

    Nov 15th, 2014 - 06:19 pm - Link - Report abuse 0
  • imoyaro

    What's wrong with this picture?
    http://www.buenosairesherald.com/article/174795/kicillof-says-debt-restructuring-is-a-g20-issue-all-countries-agree

    Nov 15th, 2014 - 06:29 pm - Link - Report abuse 0
  • ChrisR

    @ 6 imoyaro
    “What's wrong with this picture?”

    Nothing apart from an argie tramp has photo-bombed it.

    Having wasted 5 minutes of my life reading the drivel, the argies only seem to be able to get the whole world agreeing with them but doing nothing.

    Is Kickitoff on drugs?

    Nov 15th, 2014 - 07:10 pm - Link - Report abuse 0
  • golfcronie

    Drugs or drink, certainly one or the other, scruffy bugger ain't he?

    Nov 15th, 2014 - 09:14 pm - Link - Report abuse 0
  • ElaineB

    He looks drugged to the eye-balls. And where was he dragged up? He is representing his country and should learn how to tie a tie.

    Nov 15th, 2014 - 09:20 pm - Link - Report abuse 0
  • ilsen

    The only thing this proves is that you can't trust the Argie Gov. figures. Have they achieved anything at this summit? Apart from raising awareness that they wish to wriggle out of their debts?

    I agree that Axel Kicillof looks like he has been sniffing glue. What a ramshackle bunch, him, Timerman and the rest. They have the cheek to 'demand' respect.
    Rank amateurs, all of them.
    A disgrace to their country.

    I notice the usual suspects are avoiding commentating. Just happy to 'bash the Brits' on other threads instead. Cowards.

    Nov 15th, 2014 - 10:25 pm - Link - Report abuse 0
  • Think

    TWIMC
    Not the best pic of my boy Kimcillof at (6), I must agree...
    Trawling the Internet, I found a much better one...
    Enjoy!
    http://www.pais24.com/doc/noticia/imgprincipal/img_ho/258281.jpg

    Nov 16th, 2014 - 02:23 am - Link - Report abuse 0
  • ilsen

    I expect some of the Argentine delegates to claim 'political asylum'.

    Nov 16th, 2014 - 04:20 am - Link - Report abuse 0
  • imoyaro

    And again. He's such a joker...

    http://www.buenosairesherald.com/article/174801/v-for-kicillof

    Nov 16th, 2014 - 05:15 am - Link - Report abuse 0
  • Think

    Turnip at (13)

    Thats not a joke...
    Nor a “V for Kicillof”...
    That's a “V for Vulture”...

    http://blog.manola.es/wp-content/uploads/2011/03/Kevin-Carter-1993-Ni%C3%B1o-y-buitre-Sud%C3%A1n-Pulitzer-1994.gif

    http://blog.manola.es/wp-content/uploads/2011/03/Kevin-Carter-1993-Ni%C3%B1o-y-buitre-Sud%C3%A1n-Pulitzer-1994.gif

    Nov 16th, 2014 - 07:49 am - Link - Report abuse 0
  • Pete Bog

    @14
    “Thats not a joke...
    Nor a “V for Kicillof”...
    That's a “V for Vulture”...”

    Actually it's for Viva Las Vegas

    Nov 16th, 2014 - 09:09 am - Link - Report abuse 0
  • Anglotino

    Argentina made no impact whatsoever on the G20.

    Unless you count a shabbily dressed Argentinean who looks like a protester photobombing.

    Nov 16th, 2014 - 11:17 am - Link - Report abuse 0
  • Think

    Australia made no impact whatsoever on the G20.

    Unless you count Australia's failed attempt to keep the Climate Change issue off the agenda.

    Nov 16th, 2014 - 11:25 am - Link - Report abuse 0
  • yankeeboy

    The ridiculous Rgs never lose an opportunity to embarrass themselves on the world stage.

    Perfect combination of Arrested Development and Delusions of Grandeur.

    I see Sistah si posting in the middle of the night like Voice used to until I called him out.
    When will they ever learn?

    Nov 16th, 2014 - 12:06 pm - Link - Report abuse 0
  • Leiard

    Most of the current G20 nations deserve membership.There are four countries – including one clear outlier – that should not be in the group.

    The outlier is Argentina. Argentina ranks lowest among current G20 members in economic size, is the worst or among the worst in rule of law, and, with three others, is not considered by the IMF to be systemically important. Argentina has long been a bad economic actor. In the largest sovereign default in history, the country renounced its debt in 2001, and this year again defaulted on its debt obligation. Argentina has spent more than a decade defying court orders, flouting the World Bank’s International Centre for the Settlement of Investment Disputes, and acting as a global financial renegade. Objectively or subjectively, Argentina doesn’t belong in the G20.

    http://thehill.com/blogs/congress-blog/foreign-policy/224114-the-g20-should-set-membership-rules-now

    Nov 16th, 2014 - 12:54 pm - Link - Report abuse 0
  • yankeeboy

    Argentina has never been in a worse financial position as it is today and
    I dare anyone to debate it with me.

    http://www.ieco.clarin.com/economia/deuda-Gobierno-BCRA-llego-record_0_1249675152.html

    As I have been saying this implosion will be worse than any they've ever seen in their history.
    Tick tock

    Nov 16th, 2014 - 01:44 pm - Link - Report abuse 0
  • Think

    Oooooooooooooops.........

    Looks like if Argentina made a bigger impact on the G20 meeting than Australia after all...

    http://mobile.reuters.com/article/idUSKCN0J00KC20141116?irpc=932

    Nov 16th, 2014 - 03:11 pm - Link - Report abuse 0
  • Troll in The Dark

    I have it on good sources that the Australian's discrimination of Muslims is thoroughly execrable. The things they do are worthy of ISIS without the executions and rapes.

    Remember this is the country that also thinks Indians an Pakistanis are (by a poll majority), a human “sub-race”, they also don't believe in climate change of any kind (natural or factitious), and the to this day steal babies from Aborigenes to “improve them”.

    Until now I had not realized how typically ANGLO the Australians were: with an extremely well-oiled and quite frankly effective propaganda machine claiming they are the most progressive, best nation in the world, but the reality is hat this guy had it right all along:

    https://www.youtube.com/watch?v=YRqOFW9j0rI

    Nov 16th, 2014 - 04:01 pm - Link - Report abuse 0
  • imoyaro

    @22
    I understand your sympatico for “people” who cut heads off. There are a number of paintings from the history of your country of heads being displayed on pikes , usually (but not always, witness Chacho's end,) by Federalists, the party most associated with your own bailiwick. I'm sure it runs in the blood. ;)

    Nov 16th, 2014 - 04:14 pm - Link - Report abuse 0
  • bushpilot

    @22

    Are you good with having a big Muslim population in your Catholic country?

    Nov 16th, 2014 - 04:22 pm - Link - Report abuse 0
  • Leiard

    deadbeat Argentina

    Likewise undeserving of the summit’s time and attention is the attempt by “deadbeat Argentina” to get the G20 to commit to developing a supranational bankruptcy regime capable of solving its much-publicized difficulties with creditors and the US judicial system. Argentina is in renewed default out of choice and is a victim only of its own contemptuous attitudes and bad economic policies.

    http://blogs.ft.com/beyond-brics/2014/11/13/guest-post-the-g20-must-keep-it-focused/

    Nov 16th, 2014 - 04:29 pm - Link - Report abuse 0
  • Troll in The Dark

    @24

    Absolutely. We had a president with muslim roots, we have the biggest mosque in the Americas, we have about 1 million muslims, WELL-INTEGRATED and non-radicalized, living along with 300.000 Jews.

    In the last year there have been more reporter cases of defamation of Jewish sites in the USA than in Argentina.

    @23

    I'm not sympathetic for those acts, I am understanding of their reasons, they are tired of the arrogance of the EUians and NorthAmoans. Who isn't?

    BTW, federalist are YOUR buddies... I wanted Unitarianism, i.e., isolationism and every province fending for themselves, and no international involvement.

    Had the unitarist won, we would have been a confederation closed to the rest of the world, no foreigners allowed.

    Nov 16th, 2014 - 04:32 pm - Link - Report abuse 0
  • Leiard

    @24
    How do you view the inflation figures in Argentina ?

    Nov 16th, 2014 - 04:43 pm - Link - Report abuse 0
  • imoyaro

    @26

    Fascinating interpretation of history, seems to me that the Unitarians from Rivadavia onwards were rather keen on foreign investment. After Mitre came to power, Buenos Aires called the tune and you danced. On the other hand, such worthies as Facundo Quiroga and Juan Manuel Rosas were noted xenophobes, for obvious reasons. I know you like to think of the Federalists as being more “free,” but they really represented large landowners and the catholic church. Funny that some of them admired the US Constitution. ;)

    Nov 16th, 2014 - 04:50 pm - Link - Report abuse 0
  • Mendoza Canadian

    And Timmerman and Elvis K chartered a private plane at a cost of 600,000 Dollars!! to go to Australia...but they cannot pay their bills and people are starving....go figure....

    Nov 16th, 2014 - 06:06 pm - Link - Report abuse 0
  • Anglotino

    Yes it seems the following made it into the communique:
    “We welcome the progress made to strengthen the orderliness and predictability of the sovereign debt restructuring process.”

    Announcing the next meeting in Turkey got more words than that.

    However this was an Issue for Further Action and not included as a Communique point but in the ANNEX!
    “Given the challenges litigation poses and in order to strengthen the orderliness and predictability of the sovereign debt restructuring process, we welcome the international work on strengthened collective action and pari passu clauses. We call for their inclusion in international sovereign bonds and encourage the international community and private sector to actively promote their use. We ask our Finance Ministers and Central Bank Governors to discuss the progress achieved on this and related issues.”

    Is this what Argentina Thinks is support? If anything the use of “orderliness and predictability” is akin to a diplomatic arsewhacking for Argentina who is anything but orderly and predictable when it comes to its debt.

    I can now see why Cristina declined to join us here in Oz. No mention of these mythical Malvinas. She probbaly would have been forced to hang out with Putin. And even he had to leave early to get some 'rest'.

    I even hear the Timerman met with.... Da da dum.... Julie Bishop - our Foreign Affairs Minister. I guess the real leaders were doing what the G20 is really for - networking.

    Anyway the annual Christmas riots in Argentina will be more vocal and violent than the protests we had here.

    https://www.g20.org/sites/default/files/g20_resources/library/brisbane_g20_leaders_summit_communique.pdf

    Nov 16th, 2014 - 07:52 pm - Link - Report abuse 0
  • Enrique Massot

    Mercopress chooses to focus on inflation and the army of trolls gets busy at cheering the imminent demise of the country and its government.
    Not so fast my dears.
    The last polls show steady popularity of the government in spite of current economic difficulties. Why? The electors correctly perceived that, while far from perfect, the current team has done much and is striving to do even more for the general population and particularly for the less fortunate. The government's position facing the vultures seem to have generated significant approval gains.
    Meanwhile, the opposition is in disarray, unable to articulate a credible alternative with a view to next year's election. The Nov. 13 Cacerolazo was a deflated non-event, after enjoying some success in previous years.
    My two cents? Don't lose your energy crying out loud over how bad Argentines are. They want the same thing everybody else wants--to have a life. Understand this is a country that since 2003 is walking a very different path, together with several other Latin America countries.
    We are done with the Cold War era and especially with the sad experience of the 1970s, when the U.S. was busy attempting to prevent more Cubas by all means, including overthrowing elected governments and repressing of all those who were less than clear supporters of the established order.
    Or keep dreaming. We are not going back.

    Nov 16th, 2014 - 07:54 pm - Link - Report abuse 0
  • Troy Tempest

    29 Mendoza Canuck

    Good point - $600,000 ???

    $5,000 for a First Class air ticket...

    an entourage of 30 lackeys...

    Total: $150,000 - only one quarter of the cost of the chartered jet.

    A waste of public monies - all to satisfy their egos!!

    By contrast, In Canada, the government faced severe criticism and some officials faced the threat of legal repercussions for laying on an Air Force jet to Europe for their pals - publicly reported.

    Nov 16th, 2014 - 08:04 pm - Link - Report abuse 0
  • Jonaz_BsAs

    @Enrique Massot
    “We are not going back.”

    You are right, Argentina is RUNNING backwards at the moment:

    - 35%+ poverty rate
    - 42% inflation
    - 6+ % public deficit
    - Cepo
    - Corruption at levels never seen before

    When will you and your marxist friends be able to extract your head from your behind? When we have to wait tables in La Paz or Asunción for a living? Do we have to do a full-on Cuba for you guys to finally understand?

    Nov 16th, 2014 - 08:44 pm - Link - Report abuse 0
  • Captain Poppy

    Elaine that was what I was thinking. He looks like he just smoked a few joints and is about to “demand” his twinkies.

    Nov 16th, 2014 - 10:36 pm - Link - Report abuse 0
  • dsullivanboston

    26,31 What you don't understand is you are the problem with your country, not the US, not Britain, the people of Argentina. You blame foreigners for your woes, but you bring them on yourself, over and over again. Vote in another Perionista that speaks loads of bullshit that you want to hear, then blame anyone else for your woes. Isolating won't help one bit..

    Nov 17th, 2014 - 12:44 am - Link - Report abuse 0
  • Doggy Rap

    Poor idiot Think writes in # 14: ”That's a “V for Vulture”

    Shrinkbrain, what does a vulture feed on?
    A rotting carcass.

    If the hedge funds are vultures feeding on Argentina, it follows that Argentina is a rotting carcass.

    One must be extraordinarily stupid to call the hedge funds vultures.

    Nov 17th, 2014 - 03:05 am - Link - Report abuse 0
  • Enrique Massot

    #33
    That is why the current government is running at about 40 per cent positive image, while the opposition is in shambles.
    However, I have to express my surprise at the level of backwardness of readers who are still in a Cold War mindset, naming Cuba as if it were a bad word. Come on: we have now progressive, leftist governments in too many Latin American countries and the world as we know it hasn't ended. Take those old, clouded glasses off.

    $35
    Aside the vultures (a small group of greedy financiers increasingly isolated), we are in peace with most of the world and are not blaming anybody. On the contrary, we are making friends with more and more countries, getting out of the dependency on a few “first world” countries. Watch out Argentina taking off as the newly installed communications satellite Arsat. You'll be amazed at what can be done with a government that really represents its people--naysayers like you will still be whining.

    Nov 17th, 2014 - 09:50 am - Link - Report abuse 0
  • Jonaz_BsAs

    @37
    'Cuba' is a dreadful word for everyone who isn't a stone cold leftish tyrant. 14 more months and your leftish dream will be shipped off to prison where it belongs. Argentina will NEVER become Cuba.

    Nov 17th, 2014 - 12:16 pm - Link - Report abuse 0
  • Don Alberto

    @ 37 Enrique Massot
    “naming Cuba as if it were a bad word.”

    Why don't you simply write that you have never been to Cuba? You clearly don't know how the country is. It is a subtropical East Germany where the Policia Especial is everywhere, monitoring everyone.

    Nov 17th, 2014 - 03:20 pm - Link - Report abuse 0
  • ilsen

    Enrique Massot is a Canadian Champagne Socialist safely ensconced in a British Commonwealth Country happily supporting Cristina and her corrupt K-gang whilst apologising for their failures.
    hmmm....
    I have family actually suffering from the policies that are destroying Venezuela, and will destroy Argentina.
    ...
    I am in London, fighting to rescue them.
    ....
    He has nice hats and a nice line in verbiage..
    hmmm....
    leave it with you guys....
    :-/

    Nov 18th, 2014 - 01:51 am - Link - Report abuse 0
  • Don Alberto

    Ilsen,

    yes I have noticed that all the so-called Argentines, who support the present erratic government, live anywhere else than in Argentina. A bunch of bloody traitors.

    Nov 18th, 2014 - 05:06 am - Link - Report abuse 0
  • Troy Tempest

    40 Good for you Ilsen

    Best of luck with your family.

    As to “ Enrique” - Champagne Socialist living in Canada?

    There IS an Arg population in Vancouver - I've come across several, different ages, different generations.

    The ones that got out of Argentina did so for a reason. They were also educated, and had some money. I'm sure they have sentimental feelings and patriotism for Argentina, but I doubt they are supporters of a Peronist populist government.

    He's a regular Troll - his role is 'the Moderate'.

    Nov 18th, 2014 - 05:15 am - Link - Report abuse 0
  • ilsen

    Thanks Troy. I do my best.

    Just google Enrique. He is on Facebook. He once posted how proud he was to post in his own name etc. Invited some attention.
    I am not a stalker!
    Lol!

    Nov 18th, 2014 - 05:26 pm - Link - Report abuse 0

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