Once again INDEC’s inflation rate is very different from private consultants. The agency claims that during 2009, it was 7.7%, while unofficial studies estimate it reached 15%.
According to the official agency, retail prices rose to 0.9% in December, at a rate slightly higher than in October and November. The figure, however, is far from the calculations of private Abeceb.com.
Meanwhile, wholesale prices rose 1% during December compared to November, and rounded up to 10% in the year. The cost of building increased by 0.3% last month and the year was up 10.8 percent.Consumer prices increased 0.9% in December over the previous month while the early rate is below government forecasts of 8%.
The difference becomes even more evident when comparing the cumulative inflation in the three years that INDEC has been intervened.
For INDEC prices only increased by 25.26% since December 2006 whereas for Abeceb.com increase reached 58.3%.
http://momento24.com/en/2010/01/15/indec-reports-7-7-inflation-in-2009/
I tend to believe Abeceb. Prices at the grocery store change day to day, some products such as Actimel by Danone have increased by 15%, Skim Milk by Ser 15%, Apples 20% to name a few...
Anyone else notice steep price increases?
According to the official agency, retail prices rose to 0.9% in December, at a rate slightly higher than in October and November. The figure, however, is far from the calculations of private Abeceb.com.
Meanwhile, wholesale prices rose 1% during December compared to November, and rounded up to 10% in the year. The cost of building increased by 0.3% last month and the year was up 10.8 percent.Consumer prices increased 0.9% in December over the previous month while the early rate is below government forecasts of 8%.
The difference becomes even more evident when comparing the cumulative inflation in the three years that INDEC has been intervened.
For INDEC prices only increased by 25.26% since December 2006 whereas for Abeceb.com increase reached 58.3%.
http://momento24.com/en/2010/01/15/indec-reports-7-7-inflation-in-2009/
I tend to believe Abeceb. Prices at the grocery store change day to day, some products such as Actimel by Danone have increased by 15%, Skim Milk by Ser 15%, Apples 20% to name a few...
Anyone else notice steep price increases?