MercoPress. South Atlantic News Agency
Argentina's February inflation 4.8%; minister anticipates 1% during second quarter
February’s inflation in Argentina reached 4.8% and has accumulated 33.9% in the last twelve months, according to the so called “congressional inflation index” released laast week. But Finance minister Alfonso Prat-Gay from Chile anticipated that consumer prices will fall to nearly 1% during the second quarter. Read full article
Comments
Disclaimer & comment rulesEverything that Prat-Gay touches turns into inflation. It's a sort of Argentine Midas Touch.
Mar 14th, 2016 - 12:38 pm - Link - Report abuse 02016: the year of the 50 percent inflation.
This, off course, is part of the “Joyful Revolution” promised by president Mauricio Macri during his election campaign.
Mar 14th, 2016 - 07:42 pm - Link - Report abuse 0But wait--there is more. The billionaire payment to the vultures is just a first step towards massive borrowing that will, again, mortgage Argentina's future.
Of course, Macri spoke about joy--but forgot to say the joy was just for a selected few--ask his friend Nicolás Caputo, who just got another juicy contract to build an atomic power plant.
You borrow money, you pay it back.
Mar 14th, 2016 - 09:08 pm - Link - Report abuse 0It's really very simple.
Even some Argentines can be made to understand the concept.
I wouldn't worry too much about a bit of borrowing by Argentina in the near term. Think of it as the third or fourth restructuring of the same old debt, and a prelude to the next default. Coming soon.
Enrique
Mar 14th, 2016 - 09:20 pm - Link - Report abuse 0Inflation is a lagging indicator. It is an indicator of PAST decisions. So you can't blame the current government for all the inflation.
Much of this inflation is the leftover from your beloved high spending and wasteful CFK.
I know you dislike Macri so it will be fun to watch you cherry pick statistics and problems over the next 4 years.
The biggest source of inflation is funding the budget deficit through the printing of money. Once that stops as Argentina can fund it through debt then inflation will drop. I know you will see this as a failure becasye debt will increase however that is blaming the symptom not the cause.... a bloody big budget deficit.
And you can thank Cristina for that.
@2 Enrique,
Mar 14th, 2016 - 10:42 pm - Link - Report abuse 0What a hypocrite!
You were quite alright with CFK stiffing Western creditors and pensioners for money borrowed previously. When the creditors refused to accept that Arg was simply keeping 70% of the money, and retaliated by refusing further credit - you were happy to point out that China would be a trading partner.
CFK set up deal where China would provide industrial and transportation infrastructure, and money, in echange for future resources etc. - in other words, CFK borrowed from China and put off payment to the future generations.
Now you criticise Macri for soliciting loans...
Speaking of CFK and where the corrupt money went .... looks like the noose may be getting a little snugger
Mar 15th, 2016 - 12:45 am - Link - Report abuse 0http://www.lanacion.com.ar/1879681-cristina-kirchner-ricardo-echegaray-y-cristobal-lopez-fueron-denunciados-ante-la-justicia-por-la-millonaria-deuda-del-grupo-indalo-con-la-afip
Predictably, the reaction of the peanut gallery is to jump to Macri's defense, even if ultimately they couldn't care less about Macri, Cristina or the “argies” as they like to say.
Mar 15th, 2016 - 03:44 am - Link - Report abuse 0But wait. Macri has gone too fast, too deep with his massive redistribution of income in favour of those who already have it.
However, you can blame Argentines for many things but not for being passive.
And after the Won Decade, Argentines will be a bit less patient than in the past.
It's regrettable that the population needs to go through this, but no doubt there will be a reaction when Macri's measures begin to be felt more fully.
7. Won Decade?
Mar 15th, 2016 - 10:22 am - Link - Report abuse 0Are you stupid or crazy?
Other than the Kirchner Friends and Familiy nobody else could say they're better off after their decade of destruction.
Won Decade?
Mar 15th, 2016 - 12:19 pm - Link - Report abuse 0Bahahahahaha
Only Argentineans who escaped to economically sound countries won the past decade. Not the ones left behind.
@7 ....his massive redistribution of income ....“
Mar 15th, 2016 - 01:22 pm - Link - Report abuse 0Funniest/silliest post for a long time.
Oh, wait.... reducing subsidies for those most able to pay for utilities while providing publicly funded utilities for lower income residents is now ”massive redistribution of income....“
Don't forget that Argentina still has the prize for ”Worst Place in the World for Foreign Companies to Do Business.” Brought to us by the Kirchners.
@9
Mar 15th, 2016 - 04:36 pm - Link - Report abuse 0You don't need to keep reconfirming on every post that you have never set foot in the country. You have told us many times already. We know.
I must admit, it's quite entertaining watching all the Norway rats chasing the same cheese. All of you never learn. lol
Mar 15th, 2016 - 07:24 pm - Link - Report abuse 0Erm.... correct Nostrils!?!?
Mar 15th, 2016 - 08:19 pm - Link - Report abuse 0Thanks for reading my posts and confirming I don't lie.
@13 Skip
Mar 15th, 2016 - 08:52 pm - Link - Report abuse 0There used to be lots ofbTroll posts referencing Denmark, and Danish info sources.
“Think” and Stevie's predecessor, “Guzz”, both come to mind.
Many of the Communists and Tupas thrown out of SA by Operation Condor in the 70's, went first to France.
From there, they went to other places in Europe, and some even went to Canada.
It appears that many carried their baggage when they moved permanently.
Your CommentTobi de Nostril, you're a fucking classic twit! You talk of Skip never stepping foot in Argentina, yet, you're in the same box. Can we talk details in Argentina, about sites that are not on the web to be googled?
Mar 16th, 2016 - 10:45 am - Link - Report abuse 0The Mall's Starbucks facade, the 2nd mall just outside of the city?
Have you ever ID'ed that intersection in Mendoza when the farmers were protesting almost two years ago?
Tobi, the joke of MP.
Oh one other thing Tobi.........how did your autarky turn out?
Poor tobi, the biggest liar on MP!!!
15. Are you the only person who lives where they claim to live?
Mar 17th, 2016 - 01:58 am - Link - Report abuse 0How convenient....
for you.
The damage that Macri's policies are inflicting on the country are already visible, but will become more apparent as time goes by.
Mar 17th, 2016 - 05:58 am - Link - Report abuse 0The effects of devaluation, the elimination of the “retntions” on exported agro products and the opening of imports will sink the country into a horrendous recession.
Rivers of tears will run, mostly from those who believed in Macri and his friends.
Yes yes Enrique the place is falling apart. Lucky you escaped.
Mar 17th, 2016 - 08:14 am - Link - Report abuse 0I 100% guarantee Argentina will be a better place at the next presidential election than it was at the last. Lower inflation, higher growth, lower crime and more reliable statistics.
Did I say that? Show me where I said that lucy? I'm stuck on special posters like you yb.
Mar 17th, 2016 - 10:35 am - Link - Report abuse 0what happened with your Florida offer?
Yes you said that.
Mar 17th, 2016 - 11:08 am - Link - Report abuse 0Are you too stupid to remember your own posts?
ahhhhhhh.....Luci....I am old and forgetful......let's see it?
Mar 17th, 2016 - 01:33 pm - Link - Report abuse 0Let's pretend I am from Missouri....the “Show me” state....show me where I posted I am the only one who lives where they claim to live?
Are you too stupid to find it? Show me?
21. Grunt, your standard posts when you get flustered are; you're not from where ever you claim to be from and meet me.
Mar 20th, 2016 - 04:04 pm - Link - Report abuse 0Why would anyone waste time on you Grunt?
Really, that's your great come back after I badger you in other threads about ignoring your post and you call me a grunt.....is that supposed to be an insult? Two grunt's in a tiny tiny post of insignificance.
Mar 20th, 2016 - 08:52 pm - Link - Report abuse 0Let's just find those posts you claim I made luci.....or can't you? Have Chronic chime in too.....lol. One thing you can say of my standard, I consistent, something you lack. Actually one of the many things that you lack yb.
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!