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Argentine inflation for April: official index 1.1%; Congressional index, 2.1%

Wednesday, May 20th 2015 - 05:00 UTC
Full article 22 comments

Inflation in Argentina during April reached 2.1% and 29% in the last twelve months according to the latest release from private consultants, an average of which is announced every month as the 'Congressional index' by members from the Lower House Freedom of Expression committee. Read full article

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  • golfcronie

    “ based on the two exchange rates ” are they both “ legal ”?

    May 20th, 2015 - 08:58 am - Link - Report abuse 0
  • yankeeboy

    Inflation is being held in check temporarily through currency manipulation and restricting cash flows. It can't last for much longer.
    There's a Tsunami of inflation coming.

    The anticipation is delicious...

    May 20th, 2015 - 11:46 am - Link - Report abuse 0
  • Mendoza Canadian

    Amazing what can be done when elections are on the horizon. And yes, #2 there will be hell to pay for sure. And the Indec lies just keep coming.

    May 20th, 2015 - 11:57 am - Link - Report abuse 0
  • yankeeboy

    I still think you'll see hyperinflation just like you do in Venezuela now.

    Same model=same outcome.

    May 20th, 2015 - 12:01 pm - Link - Report abuse 0
  • Klingon

    Good time to buy property with a bank loan. Make the most of a bad situation!
    Every time I go shopping I am surprised how things have increased.

    May 20th, 2015 - 12:48 pm - Link - Report abuse 0
  • yankeeboy

    5. You're better off hording U$ than buying anything. I think property is extremely overpriced still. The next crash will be more severe than 2001 and the recovery will be longer. Property will most likely go down 40-50% when people get desperate for U$.

    May 20th, 2015 - 12:51 pm - Link - Report abuse 0
  • Klingon

    People are desperate for U$ but property has not gone down much. Argentine's prefer to hold on and don't sell at a loss.
    What happens when you have a large bank payment in pesos and hyper inflation is coming? Becomes a small payment ;)

    May 20th, 2015 - 01:25 pm - Link - Report abuse 0
  • chronic

    Like Reeeeeeeeeekie said:

    “Here It is, all the issues of a nation of forty-some million people explained in just seven words. We are all liars.”

    May 20th, 2015 - 03:12 pm - Link - Report abuse 0
  • Idlehands

    Nothing to do with this particular story but all MP readers/posters will want to read it.
    (Protect your jaw from hitting the floor)

    http://www.telegraph.co.uk/news/worldnews/southamerica/argentina/11615410/Argentinian-judges-reduce-paedophiles-sentence-because-six-year-old-victim-was-gay.html

    May 20th, 2015 - 03:40 pm - Link - Report abuse 0
  • Chicureo

    Argentina borrows from the national pension agency and central bank. By printing rapidly increasing amounts of Pesos has fueled inflation, which economists say totaled nearly 40% last year and now is at 29.1% annually.

    Sounds like a very large devaluation after the elections...

    May 21st, 2015 - 05:03 am - Link - Report abuse 0
  • Enrique Massot

    #9 Idlehands
    Good for posting this incredible story about an incredibly ruling of two Argentine judges. Cavemen are still festering in the country's judicial system. It has to be said the story has cause a stir in Argentina and the ruling will be appealed.

    May 21st, 2015 - 05:03 am - Link - Report abuse 0
  • yankeeboy

    11. How can it be appealed? The defendant certainly won't request an appeal and I can't see how it could be done legally any other way.

    It won't happen.
    It just shows how disgusting the Rg Society has become. There are very few decent people left there. It goes back to my theory that its now an Idiocracy.
    Every generation the smart ambitious people left so all that remains are lazy stupid people to breed. They've reached a tipping point and that's all that's left.

    May 21st, 2015 - 12:21 pm - Link - Report abuse 0
  • Simon68

    11 Enrique Massot (#)
    May 21st, 2015 - 05:03 am

    Please note that these so called judges follow the line of that ultra kirchnerista Zaffaroni. Thanks to that idiot our judiciary is plagued with “garantista” judges and fiscales!!!!!!!!

    May 21st, 2015 - 02:06 pm - Link - Report abuse 0
  • TomKey

    This about sums up what pathetic people they are -
    A cornerstone of fascism is economic nationalism. A nation cannot be truly independent until it secures national self-sufficiency, or autarky. To accomplish this, the fascist government creates and develops state-owned industries either by establishing new ones or nationalizing existing foreign companies. However, private domestic firms and state-owned industries may coexist in a fascist state. To foster and protect them from foreign competition, the government usually restricts foreign imports that could compete with their output.¨ - Straight out of the Peron playbook

    May 21st, 2015 - 07:26 pm - Link - Report abuse 0
  • Enrique Massot

    #15
    Developed nations--all--apply some degree of protectionism. However, they preach the “globalization” doctrine to undeveloped nations, asking them to fully open their markets to imports.
    The dictatorship of the 1970s did this, and the domestic industry crumbled while the foreign debt spiraled; President Carlos Menem did more of the same in the 1990s and the country ended up in default, its domestic sector in ruins and record unemployment.
    Peron got it all right. That is why during his mandate (1952) Argentina fully paid up its foreign debt and became creditor--the first time this happened since 1824.
    Shortly after overthrowing Peron in 1955, military dictator Pedro Eugenio Aramburu restarted the cycle of borrowing, putting the country back in the red.

    May 22nd, 2015 - 04:26 am - Link - Report abuse 0
  • yankeeboy

    15. Peron got it right?
    Now I've heard it all

    You really are dumb.

    May 22nd, 2015 - 10:06 am - Link - Report abuse 0
  • Enrique Massot

    #16 YB
    Did you take the time to read my whole posting? I said Peron was the only one in Argentina to paid off--entirely--the foreign debt, together with giving a huge boost to the national industry. After he was toppled in 1955 by a bloody coup the military and allied civil elements called “libertadora” and others called “fusiladora,” I grew up listening to stories about how Peron had dilapidated Argentina's money. All talk of course, disseminated by those who had a role in or supported the coup. On the other hand, in countless occasions I was shown by everyday people many concrete things--buildings, institutions--and told “this was built during Peron's presidency.”
    The high school I attended in Mar del Plata did not have a gym, so we went to the Piso de Deportes for phys ed, and went also for a swim in winter in a large sea water heated pool--all built in Peron's time.
    Yesterday, CFK presided the grand opening of the Kirchner Centre, with a concert room with capacity for 1,950, a chamber music room with capacity for 600, and over 50 concert rooms on 100,000 square metres.
    These are not chatty words. Just facts.

    May 23rd, 2015 - 12:53 am - Link - Report abuse 0
  • yankeeboy

    Reekie, This is Argentina...and the filthy corrupted society you so admire...

    Crime-Weary Argentina Sees More Mob Violence and Vigilante Killings

    https://news.vice.com/article/crime-weary-argentina-sees-more-mob-violence-and-vigilante-killings

    In response, some Argentine communities are behaving as judge, jury, and sometimes executioner against petty criminals. A poll taken in 2014 showed that 29 percent of Argentine respondents support vigilante justice, while a majority called it an extreme action

    This is what happens when the Gov't is run by Thugs.

    May 23rd, 2015 - 01:00 am - Link - Report abuse 0
  • Enrique Massot

    #18 YB
    “A poll taken in 2014 showed that 29 percent of Argentine respondents support vigilante justice...”
    “A poll?” That's not good enough YB.
    Give me at least the name of the pollster or the link to the said poll.

    May 23rd, 2015 - 02:56 am - Link - Report abuse 0
  • yankeeboy

    Ask the author of the article I didn't write it
    idiot

    If you have ever been to Argentina you know that vigilante justice is very common, when I lived there Cronica TV had coverage of many people being burned alive in their houses or being stoned by neighbors for various crimes as the Police watched and did nothing.

    Its a sick Society and that's what happens when the gov't is run by Thugs.

    May 23rd, 2015 - 11:15 am - Link - Report abuse 0
  • Enrique Massot

    #2 yankeeboy:
    ”There's a Tsunami of inflation coming (to Argentina).
    The anticipation is delicious...“

    For somebody who accuses the Argentine of being a ”sick Society,” the above statement does not look like a sign of good health to me.
    What have we done to you to deserve such bitterness?

    May 23rd, 2015 - 08:03 pm - Link - Report abuse 0
  • yankeeboy

    All Statists are disgusting worthless humans. A drain on the world's Society.

    May 25th, 2015 - 03:04 pm - Link - Report abuse 0

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