INDEC reports 7.7 % inflation in 2009
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%.
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