Argentina's revamped stats data launched: May inflation 4.2%

Thursday, June 16th 2016 - 08:08 UTC

Full article 6 comments

Argentina released inflation figures for the first time since December last year, when newly elected president Mauricio Macri suspended the publication of economic data and intervened the official stats office, Indec, following long standing claims of manipulation by his predecessor. Read full article

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Marti Llazo
Of course foreign investment will flow massively into a country with a still-hostile anti-business environment, an unwilling proletariat more inclined to strike than to work, a legislature dominated by leftist Peronistas, massive corruption, a state-sponsored catholic church working against profitable enterprises, and 44 percent annual inflation. What could possibly go wrong?
Jun 16th, 2016 - 01:37 pm - Link - Report abuse 0
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RICO
4.2% inflation is not bad, lots of stable countries have inflation rates that reach this level in stressful years.
Jun 16th, 2016 - 10:04 pm - Link - Report abuse 0
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DemonTree
@2 Lots of stable countries have 4.2% inflation per year. Unfortunately Argentina had 4.2% in only the last month.
Jun 16th, 2016 - 10:49 pm - Link - Report abuse 0
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chronic
@2. Rg education?

lol
Jun 17th, 2016 - 07:55 am - Link - Report abuse 0
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DemonTree
@4 Yes, or maybe understanding articles written in English isn't helped by an education in Spanish?
Jun 18th, 2016 - 09:21 am - Link - Report abuse 0
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Marti Llazo
The argie congressional consumer price index (Índice de Precios al Consumidor) is showing the inter-year inflation rate at 43.6 percent. The worst since 1990.

So there are really two monumental tasks here. One is nearly impossible: creating an argie government agency whose proclamations are believable and reliable. The other is dealing with an inflation rate that many of the labour syndicates are quite happy with, because they are receiving enormous raises. They may of may not care that those big raises go along with a loss of purchasing power of more than 10 percent since December. Of course, for some sectors this means that high argie loaded labour costs, along with overall failures to innovate and modernise production, will push them further into the range of being noncompetitive and this will likely generate further workforce reductions.
Jun 18th, 2016 - 03:10 pm - Link - Report abuse 0
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