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04:26 AM
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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:Anonymous Coward 83933669:MV81MjMzNjM3Xzk2Mzc4MjI5X0Y4REU2NzlF] [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] The inflation numbers are absolute bullshit. They just flat-out lie to the public. They pull numbers out of their ass and pretend they're real. That's it. [/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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