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Argentina's April inflation 6.7%, according to the Congress Index

Wednesday, May 25th 2016 - 08:46 UTC
Full article 6 comments

Argentina's April inflation climbed to a record 6.7%, and 19.4% in the first four months of the year, according to the latest Congress Index, announced on Tuesday. Public utility rates were blamed for two thirds of the April increase, the highest for a month since 2002. Read full article

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  • Marti Llazo

    Interannual inflation rate of nearly 42 percent.

    Now that is something a government can be proud of.

    By the end of the year I will need a wheelbarrow to fill with pesos to buy a loaf of that low-protein argie wheat bread. That's assuming that the peronchos running the barricades and blocking the roads will actually allow anything to be delivered.

    May 25th, 2016 - 04:11 pm - Link - Report abuse 0
  • chronic

    Tick tock.

    May 25th, 2016 - 06:27 pm - Link - Report abuse 0
  • Enrique Massot

    While Macri totally screws up Argentina's economy, he and his honcho men keep repeating the Joy will still come...after some suffering.
    They have, however, reset the clock lately...the Promised Land used to be the second semester...now it's next year.
    In Macri's Joyland, full employment comes after unemployment is increased...monetary stability comes after rising inflation to record levels...poverty “zero” comes after increasing the number of poor...and so on and so on.
    But fear not. Any failures will be attributed to the past K government, or, as Marti is already beginning to do at #1, to the “peronchos” preventing Macri from running the government as “efficiently” as he wants.

    May 26th, 2016 - 05:25 pm - Link - Report abuse 0
  • Marti Llazo

    Yes, reekie, the peronchos are manning the barricades to prevent economic activity and the delivery of goods and services. The peronchos are organising massive work slowdowns and stoppages because, well, Argentina doesn't really need to be producing anything to pay its massive debts and operating expenses. And the peronchos are running teacher strikes so that, well, the kids don't really want to go to school anyway so what difference does it make if there are no peroncho teachers in the classrooms? The same peroncho teachers who just got a 40 percent salary increase from the new government.

    May 26th, 2016 - 06:14 pm - Link - Report abuse 0
  • Enrique Massot

    #4 Marti
    Wow!
    “Manning the barricades.”
    Are you referring to the barricades erected to protect the Cathedral Metropolitana and Macri's assistance to the 25 of May Tedeum?
    Newsflash, Marti: it was the police--not the peronchos--manning those barricades barring the populacho from getting within sight of Macri and his invited guests.
    “Massive work slowdowns and stoppages.”
    What movie were you watching Marti? Perhaps one from a previous decade? Not even Clarin is trying that, Marti. Try again.

    May 27th, 2016 - 03:56 am - Link - Report abuse 0
  • Marti Llazo

    @5 Reekie, perhaps you have never heard of and certainly never visited pcia Sta Cruz, but as usual you have it all backwards: the barricades I was referring to were those that prevent the distribution of fuel, food, and other supplies here in the south, and prevent people from doing any sort of useful work. And then there are the people injured and in hospital, the incendiary attacks, the usual.... the usual you wish to avoid understanding

    You really need to visit Argentistan someday and see what is going on. Most recently....

    ”Serios incidentes, con un saldo provisorio de siete heridos, se registraron este jueves en la Legislatura de Río Gallegos, en momentos en que se debatía un impuestazo propuesto por la Agencia Santacruceña de Ingresos Públicos (ASIP). ”

    For those who might not wish to read the jibberjabber, there are pictures and a count of the injured

    http://www.lanacion.com.ar/1902896-heridos-en-santa-cruz

    http://www.lanacion.com.ar/1902896-heridos-en-santa-cruz

    http://www.lanacion.com.ar/1902896-heridos-en-santa-cruz

    http://www.lanacion.com.ar/1902896-heridos-en-santa-cruz

    http://www.lanacion.com.ar/1902896-heridos-en-santa-cruz

    http://www.lanacion.com.ar/1902896-heridos-en-santa-cruz

    May 27th, 2016 - 03:59 pm - Link - Report abuse 0

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