34.7% inflation rate in Argentina
holy crap...! and i'm heading back there next month to spend some quality r&r time in my little place... guess i better bring extra money...
Argentines’ inflation expectations for next 12 months: 34.7%
Argentines expect consumer prices to increase on average 34.7% in the coming twelve months, which is slightly lower than the previous report, according to the latest release from the Finance Research Center belonging to the Torcuato Di Tella Univeristy.
“Inflation expectations for the coming twelve months remain above 30% according to the average reply, while dropping 1.8 percentage points compared to the previous average”, indicates the release.
However “inflation expectations are virtually double those of June last year”.
These expectations vary according to the region of Argentina: in the capital Buenos Aires the rate remains high at 36.5%; in the Great (metropolitan) Buenos Aires drops to 33.1% and in the rest of the country climbs to 36.7%.
and what's the "official" inflation rate according to the totally out-of-touch and lying through its teeth government of cristina fernandez de kirchner...?
The Argentine Central Bank monthly survey estimates inflation in the next twelve months to be in the range of 9.7%.
that would be funny if it wasn't so pathetic and if the real rate of inflation wasn't taking such a toll on the folks least able to deal with it... Submit To Propeller