Argentina: July inflation 1.92% and 27.15% annually says Congressional index

Friday, August 14th 2015 - 09:44 UTC

Full article 5 comments

Argentina's July inflation for the private financial consultants climbed 1.92% and in the last twelve months reached 27.15%, according to the report released in Congress by opposition lawmakers. The so called 'congress index' is an average of the different private consultants which is released monthly by lawmakers to avoid fines and reprisals from government. Read full article

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ChrisR
Does ANYBODY believe inflation is only 27.15?

No, I didn't think so.
Aug 14th, 2015 - 06:11 pm - Link - Report abuse 0
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Klingon
Watch it spiral out of control soon.
Expect the blue at 20 by end of year
Aug 14th, 2015 - 10:10 pm - Link - Report abuse 0
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ilsen
These days it impossible to trust any figures coming out of Argentina.
Sad, but true.
What a waste of such great potential. They could have been the USA of Latin America.
Aug 15th, 2015 - 02:48 am - Link - Report abuse 0
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yankeeboy
It will be interesting to see if they really have the U$6.5B they'll need to pay off the coming bond maturation in Oct.

I don't think they do without taking all the U$ in every bank account in the country.
Aug 15th, 2015 - 10:42 am - Link - Report abuse 0
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Conqueror
Time for a new law in argieland. No politicians allowed to have any money except for the US$50 per person per week for living expenses. All other money to go into an account controlled by Congress. Representing a “windfall” when they leave office. But an excellent point at which to levy maximum taxation. Any other money located anywhere, anytime automatically seized. What a wonderful disincentive for corruption and fraud!
Aug 15th, 2015 - 11:18 am - Link - Report abuse 0
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