MercoPress. South Atlantic News Agency
Argentina's CPI in May reached 2% and 28.7% in the last twelve months
Argentina's Consumer price index, CPI, during May climbed 2% reaching 28,7% in the last twelve months, according to the Congressional monthly report from opposition lawmakers, which is an average of private consultants. The data was released on Thursday with strong words against President Cristina Fernández statements in Rome that poverty in Argentina was 5%, virtually less than Denmark and Germany. Read full article
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Disclaimer & comment rulesArgentine monseñor José María Arancedo is being quoted today that Cristina is telling some very big mistruths and places poverty in the 25-27% range.
Jun 12th, 2015 - 11:07 am - Link - Report abuse 0Sad isn't it...
#1 Yes it is. Strange when KFC reckons that there are only 1.6% below the poverty line.
Jun 12th, 2015 - 11:11 am - Link - Report abuse 0Can you “ define ” poverty? As I see it, it depends on which country you are talking about as they all have different criteria.
Jun 12th, 2015 - 11:17 am - Link - Report abuse 0And the price of gas is going up today another 1.5%...now its more than it was in December before the reduction in January.
Jun 12th, 2015 - 12:00 pm - Link - Report abuse 0#3 GC
Jun 12th, 2015 - 12:05 pm - Link - Report abuse 0In Argentina, it's roughly USD6 a day per person. In Chile we estimate families need at least USD14.23 per family member to be at the poverty line limit. For a family of four, the income needs to be below USD1,075 a month. According to the Wold Bank, Chile's poverty rate in 2013 was only 14.4%, compared to 2006 when it was 29.1%.
Has she changed her hair style , plastic covering,
Jun 12th, 2015 - 12:34 pm - Link - Report abuse 0or is it just a replacement head.
@5 Is it? I thought they quoted AS$6 per person per day.
Jun 12th, 2015 - 12:35 pm - Link - Report abuse 0Reading about Messi's tax fraud on Bubblear.com “To make the same as Messi does in a year, it would take an Argentine earning an average salary of AR$4,716 per month 175,382 years.” They are working on the official exchange rate.
Argentines seem to get by on virtually no money but they certainly don't eat prime beef and live in paradise as the K supporters would like you to believe. It seems to be a hand to mouth existence for a lot of them.
@7. I don't think the hand gets as far as the mouth. Aren't delusions one of the indicators of starvation? The mind goes. Let's consider Marcos whatsisname, the cedron, stevie, voice. Starving. Why don't they eat each other?
Jun 12th, 2015 - 01:04 pm - Link - Report abuse 0rotting roadkill is winning! LOL. Fun times. Inflation in actuality is closer to 42%.
Jun 12th, 2015 - 01:35 pm - Link - Report abuse 0Elaine
Jun 12th, 2015 - 01:47 pm - Link - Report abuse 0Chile says a family of 4 that makes less than USD1,075 per month is living in poverty. Argentina claims the amount is USD720.
There's a hilarious photo posted of Germany's supposed poor...
http://baexpats.org/topic/33652-argentina-less-poverty-than-germany-and-many-nordic-states/
http://en.mercopress.com/2015/06/09/argentina-is-paradise-poverty-below-5-rate-cristina-fernandez-tells-the-world
Jun 12th, 2015 - 02:09 pm - Link - Report abuse 0Has the mad hatter confused Poverty with Paradise?
If one adds up the basic “canasta familiar” that a family needs to be above the poverty line, that family must earn about ARS$ 7.600 a month. At the moment, according to the CTA (Central de Trabajadores de la Argentina) that supports CFK, there are 18 million Argentines who earn less than ARS$ 5.800 per month. What the CTA doesn't tell us is how many of those workers are single and how many have a typical (4 person) family.
Jun 12th, 2015 - 02:13 pm - Link - Report abuse 0@7 To eat well in the way a European or American would be accustomed to would cost between 3,000 - 5,000 pesos. That includes dinners out and such. That's quite steep.
Jun 12th, 2015 - 03:00 pm - Link - Report abuse 0$6 pesos won't get you much of anything. Maybe a few bananas, some beans maybe, or a small portion of rice, or a few rolls of bread. At the time she told the 6 peso a day lie, it was actually closer to 15/day, and even then you would have severe mineral deficiencies with such a limited diet.
#12 Simon
Jun 12th, 2015 - 03:01 pm - Link - Report abuse 0On the last trip over to Mendoza, where the wine industry has been in serious trouble to the point that several vineyards were not harvested this year, a dear friend explained that poverty has been dramatically increasing there and teachers were reporting the clear evidence of malnutrition of their students. In a nation that's known for a high consumption of beef, the diet has become heavily dependent on rice, beans and pasta. Inflation has been brutal, and many Argentines have stopped paying for their electricity. This transit strike is only one of many that will occur over the next few months. The people are angry.
Meanwhile, CFK accepts an award for reducing poverty below 5%...
#13 Optimus....for two people I spend between 6000 and 7000 pesos per month on food...that includes everything you buy at the grocery store...including liquor which is relatively cheap. Does not include going out.
Jun 12th, 2015 - 04:21 pm - Link - Report abuse 0Austral Elvis said the gov't had uncontrolled spending
Jun 12th, 2015 - 05:14 pm - Link - Report abuse 0after he had to pay 27% to sell $27B in bonds
its only going to get worse...
15 Mendoza Canadian . well, you are spending about the same at the supermarket and for booze than we spend for two in England at an exchange rate of 13 Pesos to the £! Food prices have been falling here thanks to German supermarkets. Mind you, you probably need more booze…
Jun 12th, 2015 - 06:51 pm - Link - Report abuse 0The thing that annoys me is that I have been cutting back on what I buy...don't really bother to stock up anymore unless things are on sale. I stay away from imported items...of course that's not hard when there really aren't many around anymore. Saw Campbell's mushroom soup the other day...for about $10 Cdn. A small can of tomato juice is about the same. And they don't make tomato juice here...or peperoni. Damned ridiculous. Never used to worry too much about prices but lately things are really out of control. A good loaf of whole wheat bread the other day was 66 pesos!!! That is the kind with seed in in. Regular whole wheat (brown) bread is 48 pesos.
Jun 12th, 2015 - 07:24 pm - Link - Report abuse 01.5kg of Strong White flour is £1.15 about 15 pesos. With a few pinches of salt that makes 3 Sourdough loaves, no yeast required. This video shows how http://www.bbc.co.uk/food/programmes/p0160nhb Tinned soup? Make it, can of tomatoes, onion, celery, basil, cook it whizz it up you got about 6 cans. You need LBYM training :-]
Jun 12th, 2015 - 07:50 pm - Link - Report abuse 0I was told people who went through the hyperinflation last time that items like a can of Coke ( or anything for that matter) got so out of whack that prices were higher than NYC prices.
Jun 12th, 2015 - 08:49 pm - Link - Report abuse 0I see its happening again..
Just like I said it would
http://cointelegraph.com/news/114547/hyperrinflationleads-the-number-of-venezuelan-bitcoin-users-to-double
Jun 12th, 2015 - 09:28 pm - Link - Report abuse 0Another day of mass arrests and intimidation of common folk in Argentina.
Jun 12th, 2015 - 09:37 pm - Link - Report abuse 0Terrible criminals they are
Trying to exchange Peso for U$
The nerve
Didn't they know that every U$ in the country belongs to the gov't
Gads what a place
I can't imagine why anyone with brains still lives there....
Can anyone please explain why the $Blue (black market), which was well above 15 last Sept/Oct when I was last in RG, is now down to about 12.5 . This is weird especially considering the very high rate of inflation (about 15-20% in that period) and that the USD has gone up against virtually every other currency. Who or what is propping it up..? A huge oil discovery perhaps? Chinese investment perhaps..?
Jun 12th, 2015 - 11:27 pm - Link - Report abuse 0Europe has strongly endorsed efforts led by Argentina to create international rules against vulture funds' interference in foreign debt restructuring processes.
Jun 12th, 2015 - 11:46 pm - Link - Report abuse 0No doubt a step in the right direction.
Paul Singer was wrong to believe Argentina would be a prey as easy as were Zambia, Democratic Republic of Congo or Perú.
http://www.buenosairesherald.com/article/191418/eu-backs-anti%E2%80%98vulture%E2%80%99-debt-reform-
Sorry Enrique, any changes won't be retrospective.
Jun 13th, 2015 - 03:38 am - Link - Report abuse 0And Ernest, read the following article. Seems it is costing Argentina an estimated US$6 billion year to effect the change you witnessed.
Plan Aguantar FTW!
http://www.economist.com/news/americas/21654116-president-has-bought-time-she-has-not-solved-economys-problems-plan-hang
@20
Jun 13th, 2015 - 03:43 am - Link - Report abuse 0And when there was 0% inflation prices were still higher than NYC. Or do you conveniently forget the 1990s, and the prices Argentines paid for goods, twice as high as US or Europe, with 1/3 the salaries? huh?
26. That would be impossible without inflation. When I lived there you could buy a Quilmes lg bottle for $1 its now $21.
Jun 13th, 2015 - 12:06 pm - Link - Report abuse 0It will probably be over $30 next year and who knows the year after that.
Argentina will go into hyperinflation just like Venezuela. It used to trail V about 3-4yrs but its catching up on them now.
V est annual inflation is 550%
Unless some drastic changes come soon you'll be right behind them.
BCRA is bankrupt they just don't know it yet.
FYI: Troy Tempest, Brasileiro, Voice, CabezaDura2 are all sock puppets of an idiot living in the United States.
Jun 16th, 2015 - 03:38 pm - Link - Report abuse 0Commenting for this story is now closed.
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