Don't Worry About Inflation

[scotttswan]

12 pesos a kilo of vacio..... i remember those days. :wub:

 

[French jurist]

http://www.inflacionverdadera.com/

we're currently sitting on 18.9% inflation annually.

It has nice wee flash apps that show you what the inflation is / has been over the years.

Yes (but it's not really detailed).

I checked 10" about this site:
-> Refers to the http://bpp.mit.edu/ (billions price project/MIT). Wow!
-> This project includes two guys teaching at MIT: Roberto & Alberto http://www.pricestat...s/meet-the-team (Wow again! But wait, Alberto has for last name "Cavallo"... Could it be he's related to Domingo Cavallo who was the most neoliberal Menemista?! MMMhhhhhh...)
-> The http://bpp.mit.edu/ site includes a link to a commercial Web site -> http://www.pricestats.com/ (That's strange but maybe that's normal in a prestigious US University... But wait, if you click on the "Indices" menu, you'll see only the US + ARG indexes?! What a coincidence indeed).


I of course don't know the guy, but the data don't come from the best possible source I'm afraid. It wouldn't surprise me he's already seeing himself as the Ministro de la Economia... like Daddy


PS: This Alberto is likely behind the site "inflacionverdadera" and I instinctively have a doubt when someone tells me here or in another country: "this is the Truth"

 

[scotttswan]

Yes (but it's not really detailed).

I checked 10" about this site:
-> Refers to the http://bpp.mit.edu/ (billions price project/MIT). Wow!
-> This project includes two guys teaching at MIT: Roberto & Alberto http://www.pricestat...s/meet-the-team (Wow again! But wait, Alberto has for last name "Cavallo"... Could it be he's related to Domingo Cavallo who was the most neoliberal Menemista?! MMMhhhhhh...)
-> The http://bpp.mit.edu/ site includes a link to a commercial Web site -> http://www.pricestats.com/ (That's strange but maybe that's normal in a prestigious US University... But wait, if you click on the "Indices" menu, you'll see only the US + ARG indexes?! What a coincidence indeed).


I of course don't know the guy, but the data don't come from the best possible source I'm afraid. It wouldn't surprise me he's already seeing himself as the Ministro de la Economia... like Daddy


PS: This Alberto is likely behind the site "inflacionverdadera" and I instinctively have a doubt when someone tells me here or in another country: "this is the Truth"

They used to advertise each and every product they tracked via online stores.

you can check out the internet archive to get an idea of what products they use.

http://web.archive.org/web/20090221190642/http://www.inflacionverdadera.com/?page_id=27

 

[EdRooney]

Anyone (especially including INDEC) who tells you he knows what inflation is in Argentina is lying.

National statistics bureaus generally have hundreds of employees to cover huge price variations for a mind boggling array of products. No private consultant or thinktank with a staff of 20 can cover a country of 45 m the size of Argentina. INDEC is the only one in Argentina capable of doing this, and they are not going to publish honest numbers. So if anyone throws out a number, it's more akin to tarot card reading than economics, and is always shaded by the person's politics.

Its good to look at the price comparisons ejcot posted, but they give a really limited picture of a very tiny segment in just one part of a huge country.

 

[internationalguy]

Anyone (especially including INDEC) who tells you he knows what inflation is in Argentina is lying.

National statistics bureaus generally have hundreds of employees to cover huge price variations for a mind boggling array of products. No private consultant or thinktank with a staff of 20 can cover a country of 45 m the size of Argentina. INDEC is the only one in Argentina capable of doing this, and they are not going to publish honest numbers. So if anyone throws out a number, it's more akin to tarot card reading than economics, and is always shaded by the person's politics.

Its good to look at the price comparisons ejcot posted, but they give a really limited picture of a very tiny segment in just one part of a huge country.

You won't know exactly how much but you will know it's higher than the government says and lower than the anti K economists claim it to be.

 

[ajoknoblauch]

You won't know exactly how much but you will know it's higher than the government says and lower than the anti K economists claim it to be.

The truth is probably considerably closer to the highest unofficial figures than it is to the official numbers.

 

[internationalguy]

The truth is probably considerably closer to the highest unofficial figures than it is to the official numbers.

I agree.