Argentina Says Inflation at 11.1%, Economists Say It's 26%
BUENOS AIRES--Argentina reported a moderate inflation rate again in January, but economists widely dismissed the figures as fiction.
Argentina's consumer price index in January rose 1.1% on the month, bringing the annualized gain to 11.1%, according to the national statistics agency Indec.
That stands in stark contrast to the price index produced by a handful of private economists and released by opposition congressmen, which was up 2.6% on the month and 26% on the year in January.
The congressmen customarily release the monthly report, produced by anonymous economists, to shield the experts from prosecution by the government. President Cristina Kirchner has levied fines and criminal charges against a number of the economists, accusing them of releasing deceptive inflation reports.