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Argentina Reports False Inflation Statistics

Created on March 17, 2016

Argentina Reports False Inflation Statistics

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Read the original report, "How Economic Freedom Can Be Restored in Argentina," by James M. Roberts and George A. Margulies.

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The official Argentine government statistics agency has been deliberately underreporting inflation in order to reduce the amount of coupon interest paid by domestic bondholders.

Sources: Federal Reserve Bank of St. Louis, “State Street Price Stats Inflation Series for Argentina,” 2008–2013, https://research.stlouisfed.org/fred2/series/ARINFL# (accessed January 11, 2016), and Instituto Nacional de Estadistica y Censos Republica Argentina (National Institute of Statistics and Census of Argentina), Informes de prensa (Press Releases), “Indice de Precios al Consumidor Nacional urbano” (Price Index National Urban Consumers), 2008–2013, http://www.indec.mecon.ar/informesdeprensa.asp?id_tema_1=3&id_tema_2=5&id_tema_3=31 (accessed January 11, 2016).

CHART 6 • SR 179

Tags: Argentina, economic-freedom, corruption, repressed