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Argentina to Hike Interest Rates to 75% as Inflation Nears 100%
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Happy in Nature:MV81MjMzNjM3Xzk2Mzc2Njk0XzgyNEQxRDA3] [quote:Anonymous Coward 83983014:MV81MjMzNjM3Xzk2Mzc2MzczXzg0NjE2N0Mx] [quote:Anonymous Coward 84119115:MV81MjMzNjM3Xzk2Mzc1NzEzX0M3ODdDNzc1] [quote:Dr. Feelgood:MV81MjMzNjM3Xzk2Mzc1MjA3X0RGM0FGMEM2] Can anyone explain to me in laymen's terms how inflation rate is calculated? They seem rather full of shit to me the way they say US has 10% inflation when everything I see is twice as much as last year, some shit is multiple times as expensive. [/quote] I just saw that a box of Nabisco Saltine Crackers is over $5. That's insane! [/quote] They are 2.99 at Target. You people are being dramatic. Prices have gone up a bit but not like you are making it out to be. I go shopping all the time and I would say prices are up about 10 to 15 percent. That's what happens when you start paying everyone that's complaining more money when thaters a labor shortage it all evens out. And the 15 dollar an hour McDonald's worker is actually probably better off now. [/quote] The poster has a Canadian flag. It is probably $5 Canadian. [/quote]
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link to finance.yahoo.com (secure)
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"The move comes a day after data showed consumer prices jumped nearly 79% a year in August, the fastest pace in 30 years. It was the bank’s ninth rate hike this year."
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