Thursday, January 31, 2013

Numbers racket in Argentina

What is the country's actual inflation rate? That can be a dangerous question to ask these days.

In 2007, the government of Argentina fired Graciela Bevacqua and other statisticians who were collecting its price statistics and inflation estimates. Since that time, large and disturbing — even shocking — discrepancies have developed between the official inflation estimates (roughly 10% a year) and privately generated estimates announced by Bevacqua and others (roughly 25% a year).

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