How bad is inflation in your country?

Price manipulation is a fallacy of the same nature as the controlled inflation. If the Arab sheiks and Venezuelan president are so powerful, why haven’t they prevented the near-collapse of oil prices back in 1998 instead of risking Venezuela nearly going bankrupt?

 

 

It’s also fashionable to blame it on Katrina and greedy speculators. All these factors, including alleged manipulation can give it a temporary jump (like Katrina did) but it is hardly sustainable for more than a few days/ weeks. If it settles between $50 and 60 for a few years, it’s here to stay and the cause is more serious than OPec. By some accounts the dollar lost 40-45% of its value within the past 15 years. This would explain it better.

Do you mean deflation? I don’t think it’s happenong in Europe. The rise or fall of the euro or any other currency is a temporary market fluctuation of paper money. Collectively  all currencies lose their value

el böthy wrote: Inflation is Argentina´s middle name

IVNORD wrote: el böthy wrote: Inflation is Argentina´s middle name   any numbers?

"Argentina is still a long way from a return of the hyperinflation of the 1970s and 1980s. But many economists believe that prices of goods and services not covered by price controls will rise by 13-15% this year."

Some numbers from a recent article in the economist. Apparently, the government has been manipulating the way it calculates the inflation rate to make it appear smaller. The number the government reported was 1.1% for January

"Private economists estimate that the real figure was between 1.5% and 2%"