Consumer prices rose 1.4% in Argentina in August, government statistics agency Indec announced, bringing eight-month inflation to 15.4%. The central bank is targeting national inflation between 12 and 17% for 2017, well below economists' expectations of 22%.
In greater Buenos Aires, used as a proxy before the national index was launched in July, prices rose 1.5% in August and 23.1% in the 12 months through August.
The annual inflation reading combine data from the new Argentine inflation index, which has national coverage, and the previous benchmark index, which monitored prices only in Buenos Aires metropolitan area.
Argentina's monthly inflation was primarily influenced by rising prices of health, housing, water, electricity, and fuels.
The new consumer price index showed that monthly inflation in Argentina was at 1.4% in August, from 1.7% in July. The former benchmark index revealed that in Buenos Aires metropolitan area monthly inflation fell from 1.7% to 1.5%. Both readings, however, were below the 1.6% market expectation, according to a recent central bank survey.
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In Argentina, 2017 annual inflation of only 29% is to be considered immensely more gratifying than the more realistic expectation of 30%.Sep 14th, 2017 - 05:35 pm +2
Former Kirchnerist INDEC workers have reportedly created a new economic accounting system which takes into account the high rate of inflation. In a recent press conference, spokesperson Flora del Orto provided this example: for a paid street demonstration where each of 100 hooded participants will throw 18 rocks, the organisers must provide sustainment choripanes at the rate of 2 per hour. For a so-called spontaneous 4-hour riot, the total number of required choripanes for this scenario would equal 518,713 -- for billing purposes.
”Cristina, basura! Vos sos la dictadura!Sep 15th, 2017 - 07:04 am 0
ImoyaroSep 17th, 2017 - 08:34 pm 0
Kindly explain your problem. Pero, si no entiendes ingles, por favor, aclare el problem!