MercoPress. South Atlantic News Agency
Proxy inflation in Argentina reached 6.5% in December and 31.6% in 2015
Consumer prices rose 6.5% in December in the Argentine province of San Luis, one of the indexes the new leaders of the country's INDEC statistics bureau had said could be used as a proxy for national inflation figures — amounting to a cumulative 31.6% increase in 2015. Read full article
Comments
Disclaimer & comment rulesMacaroni is as counterfeit in his forecasting as Cretina was in her reporting.
Jan 25th, 2016 - 05:28 pm - Link - Report abuse 0@ 1 chronic
Jan 25th, 2016 - 06:39 pm - Link - Report abuse 0“Macaroni is as counterfeit in his forecasting as Cretina was in her reporting.”
How can you compare the two things?
One is an attempt to define the future (always difficult, especially so when you have taken over a pack of lies) where the other is to deliberately lie about the facts?
Easily.
Jan 25th, 2016 - 07:04 pm - Link - Report abuse 0Macaroni knows fore well that his models are devoid of the premises that reasonable forecasting is based on.
He's gambling while having wrapped himself in a flag of pragmatism.
Dishonesty is dishonesty.
Nobody can forecast anything. They haven't even straightened out the last decade of fake bookkeeping.
Jan 25th, 2016 - 07:49 pm - Link - Report abuse 0Whatever numbers they think they are using I can guarantee their wrong.
Start with bad numbers your forecast is less than useless.
It should come as no surprise to anyone, that proxy inflation in Argentina reached 6.5% in December, the month when the US dollars was given free after 4 years of restrictions. The sudden jump in exchange rate caused most of it.
Jan 25th, 2016 - 10:21 pm - Link - Report abuse 0Let's see the figures for inflation in February and March, when the economy is a bit more stabilized after 12 years of repression.
Minister Prat-Gay announced on Dec. 16 that us$ 15 to 25 billion would enter the country in four weeks, after freeing the dollar value from the former “cepo.”
Jan 26th, 2016 - 02:05 am - Link - Report abuse 0Instead, a meager us$ 5 billion was realized: $2 billion from agro exports (less than half what producers had forecast) and $3 billion from yuan conversion.
In the meantime, 25,000 public employees were laid off and more is expected in the private sector. The government wants unions to keep their wage increase demands at 20 per cent, down from 30 per cent hike that unions plan.
Macri's “Revolution of Joy” is feeling less joyful by the day.
Poor Reekie doesn't understand economics.
Jan 26th, 2016 - 01:06 pm - Link - Report abuse 0He truly wanted Argentina to turn into Venezuela
Famine and a President for life (dictator)
What a fool.
Its easy to be a Collectivist when your family pays your bills
...sad that they're still paying when you're in your 60s tho...
TFB?
Jan 26th, 2016 - 01:32 pm - Link - Report abuse 0I had no idea but it figures.
What do you call the firing of 25,000 bureaucrats?
A start(albeit a weak one).
Easy to be a a utopian when someone else is stroking the cheques.
Once again Enrique Massot feels the necessity to show that he is an idiot child.
Jan 26th, 2016 - 03:36 pm - Link - Report abuse 0This idiot child expects Macri, who has been the president for less than 7 (seven) weeks to have cleaned and solved the national economic disaster left after 12 years of kirchenerist mismanagement.
Once again Enrique Massot felt the necessity to show that he is an idiot child - dear Enrique, that is NOT necessary, we have known it since the first time you wrote a post.
I wish MercoPress added a “like” feature for posts.
Jan 26th, 2016 - 04:32 pm - Link - Report abuse 0Yellin' and crew throw the towel in so rottingroadkill would have caught a little break IF they could have found someone stupid enough to hook them up with some worse than junk paper.
Jan 27th, 2016 - 11:57 pm - Link - Report abuse 0lol
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!