Argentina's January consumer inflation, make your pick: 1%, 2% or 2.08%

Tuesday, February 17th 2015 - 04:16 UTC

Full article 4 comments

Argentina's monthly inflation controversy again erupted with the official Indec figure for January marking 1,1% and 20.9% in the last twelve months, while the private consultants index, channeled through the so called Congressional index reached 2.08% and 35.21%. Read full article

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yankeeboy
The only reason its not higher is because business is at a standstill. People blew their savings in Jan ( as they always do) so watch consumer spending drop like a rock for the rest of the year.

The only solution to stagflation is depression except Argentina will have Hyperinflation and Depression.

Throw in a couple state sponsored murders, pay day loans with the Chinese, and a goods storm or five and we've got something to amuse us for a year or ten.
:)
Feb 17th, 2015 - 11:31 am - Link - Report abuse 0
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chronic
There is almost a Japanese style spending contraction afoot. Those that have been able to transition savings to convertible currencies are loathe to spend them.
Feb 17th, 2015 - 03:47 pm - Link - Report abuse 0
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yankeeboy
Everyone knows there's a massive devaluation coming so they will keep spending real money down to the bare minimum.
Feb 17th, 2015 - 04:02 pm - Link - Report abuse 0
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ChrisR
“Pick a number”

100% seems about right in the next two years.
Feb 17th, 2015 - 04:59 pm - Link - Report abuse 0
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