In doing so, they give a very good reason for why the Kirchner governments have so stubbornly refused to concede that inflation is a problem in Argentina:
Already, a good share of Argentina's debt is in default. What else do you call it when a government that owes over $30 billion in inflation-indexed debt manipulates its consumer-price statistics? Through a variety of crude measures (such as firing its top statisticians), the government is publishing an understated inflation rate that is used for calculating indexation payments.
The official inflation rate in Argentina for the past 12 months is under 10%. But the true inflation rate appears to be at least 30%, according to virtually every neutral source.I think that maybe the best thing to be in Argentina right now is a pot and pan seller!!