Argentina: 2013 inflation just under 11 percent

Print
Email
|

Associated Press

Posted on January 15, 2014 at 4:32 PM

Updated Wednesday, Jan 15 at 4:33 PM

BUENOS AIRES, Argentina (AP) — Argentina's government says consumer prices rose 10.9 percent during 2013, but private economic analysts say inflation really was more than twice that.

The inflation figure was reported Wednesday by the INDEC national statistics institute, which has been accused by economists of tweaking the numbers.

This is the last inflation measurement by the INDEC before a new method to calculate consumer prices under the supervision of the International Monetary Fund is released.

Private analysts say inflation topped 28 percent last year, making it the highest in more than two decades.

With consumer prices soaring, Argentines are used to annual labor protests in which workers threaten chaos if they don't get raises.

Union leaders are expected to demand pay hikes of at 30 percent in line with the double-digit inflation rate.

Print
Email
|