
Three Argentines out of ten living in urban areas, an estimated 11.1 million people must survive with less that 35.5 Pesos per day or 1.067 Pesos monthly, according to data from the latest Standing homes’ survey, performed by the country’s stats office Indec.

Argentina is among the world’s countries which experienced the highest inflation in the last five years based on average data from the country’s private consultants and the IMF. The double digit inflation was estimated at 21.3%, an approximate average for the 2008/2012 period, and compiled by IERAL an Argentine business think-tank.

Spain has taken a step back with import restrictions on Argentina’s bio-diesel applied in a reprisal move after Argentine president Cristina Fernandez decided to seize control of energy company YPF, subsidiary of Spanish Repsol, earlier this year.

The board of directors of the International Monetary Fund will again meet at the end of January to debate Argentina’s improvement in the quality of its official economic index, IMF spokesman announced on Monday.

Argentina's official inflation was 0.9% in November, rising slightly from October's 0.8% rate, the government stats office Indec said on Friday.

Argentine opposition lawmakers presented November's inflation rate, or ‘Congressional rate’ based in the analysis of nine private agencies, which showed a 1.81% advance against the previous month, accumulating 25.4% in the last twelve months, “the highest in 18 months”.

The IMF said Thursday that it was unlikely to take action on Argentina failure to supply accurate statistical data before January, if the country misses a deadline next Monday.

An Argentine video game allows players to compare the prices used by the National Statistics and Census Institute, Indec, to measure inflation with those consumers say they pay, a pastime that has caused angry reactions among players when they see the gap.