MercoPress. South Atlantic News Agency
Argentina with a record 6.5% inflation in September, and 40.5% in twelve months
Argentina says that consumer prices rose 6.5% in September bringing the twelve month inflation rate to 40.5%, one of the world's highest. The inflation rate published by the official statistics agency Indec, on Wednesday follows a sharp devaluation of Argentina's currency. The nine month rate reached 32.4%. Read full article
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Disclaimer & comment rulesHeadline on MP story dated Aug. 14, 2015:
Oct 19th, 2018 - 03:09 am - Link - Report abuse -1“Argentina: July inflation 1.92% and 27.15% annually says Congressional index”
Below the story, a group of MP commentators were scoffing at the Argentine government's inability to control inflation.
Then Argentines voted in Mauricio Macri, who boasted he would tame inflation in his first month in office. Macri even said inflation is “a demonstration of inability to govern,” and said he wanted to be judged accordingly.
Fast forward to October 2018, and not many -- if any at all -- MP commentators are saying a word about the disastrous state of the Argentine economy.
Looks like ideological loyalties trump everything else.
Reekio,
Oct 19th, 2018 - 07:42 pm - Link - Report abuse 0Headline on MP story dated Aug. 14, 2015: “Argentina: July inflation 1.92% and 27.15% annually says Congressional index”
“Fast forward to October 2018, and not many -- if any at all -- MP commentators are saying a word about the disastrous state of the Argentine economy.”
As I've said before, if you look at the statistics, maybe it isn't as disastrous as you continue to claim.
“Looks like ideological loyalties trump everything else.”
Yes, it would seem so. I remind you that the economic statistics released during the latter years of CFK's leadership were highly suspect so it is not fair to compare those values with the figures under Macri with an honest INDEC. I agree that the inflation rate is a severe problem for Argentina but comparing the current situation with previous fictitious data because they support your own idealogical loyalties shows that you are guilty of what you claim of others.
Hey, you are getting better by the day, Zaphod!
Oct 20th, 2018 - 02:07 am - Link - Report abuse -1I hadn't heard this one yet.
The economy is going to the dogs in Argentina, but according to Zaphod it ain't so bad. It may even be that it was worse under the CFK government -- only nobody realized that because CFK lied about the numbers.
However, don't despair, Zaphod - you aren't alone!
An October opinion poll showed that 4.4 per cent of Argentines still believe Argentina is better off now than the previous year.
Another portion of Argentines - 73 per cent - believe the situation is worse, but hey, they are probably still reading press reports from CFK's time.
https://www.perfil.com/noticias/politica/quien-ganaria-elecciones-2019-entre-mauricio-macri-cristina-kirchner-maria-eugenia-vidal.phtml
1. The deficit is showing a clear reducing trend.
Oct 24th, 2018 - 07:57 pm - Link - Report abuse 02. The balance of payments is showing an increasingly positive trend.
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