14 April 2011

ARGENTINA: Cristina Fines More Economists For "Inflating" Inflation Estimates.

WSJ/ T. TURNER

 "Argentina's government has fined more economists for challenging official inflation estimates in what lawyers call a violation of freedom of speech.
   Consumer prices rose 10% in February from a year ago, according to the national statistics agency, Indec. But most economists say annual inflation is closer to 25%, irking government officials who deny inflation is a problem.
   On Tuesday, the government fined consulting firm Econviews 500,000 pesos ($123,442). It fined the consultancy abeceb.com an equal amount Monday for allegedly publishing inflation estimates that "lack scientific rigor."
    "This isn't about methodology or truth in advertising, as the government claims. It's really about silencing dissident voices," economist and former finance undersecretary Miguel Kiguel said.