Whoops! Official Argentine inflation just a tad off

We have posted in the past about how Argentina has been fudging their macro data (see here and here) by systematically under-reporting inflation, which is a very convenient thing to do when you have issued inflation-indexed bonds!
However, it seemed like the Kirchner governments were more or less getting away with it. Now, after a humbling electoral defeat, anti-corruption prosecutors are actually going after them for the funny numbers!

Economists say the official inflation rate of 8.5 percent in 2007 was really about 25 percent.

Hard Times for the Kirchners

Posted in: Caught Our Eye

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