From El Deber and Los Tiempos, respectively: Inflation The price of the onion, household beer consumption, housing rent and lunch, according to the Statistics National Institute of (INE), were the more inflationary. In November the consumer price index (CPI and IPC in Spanish) closed with 0.32%, but in October, was 0.47%. Since the beginning of the…
Tag: inflation
Money laundering & inflation against Bolivian society
This cartoon is from El Diario, November 30, 2011. It portrays how much money laundering, and narco-traffick are becoming a real nuisance and are also more widely perceived by Bolivian society; out there for anyone to see… In the cartoon the person is pointing and saying: “these buildings are known as ‘washing buildings’ they whiten…
How to handle inflation, subsidies? November Bolivian Economics 101
Certainly not the way current Bolivian government is doing, if you don’t believe, just take a look at these: This cartoon is from El Diario (11/09/11). Two of the most powerful and yet visible for now political leaders of the MAS, are engaged in a conversation: “…We have allowed entry of 100 thousand vehicles to the country..!…
How to keep inflation under control, Econ 101
This cartoon is from today’s El Diario. Current Economics Bolivian minister is walking inside a supermarket and prices around him show the before and after changes! He is saying: “…it just take someone from the government to pronounce that little word starting with G… and they rise all without control..!…” The G word is for…
Governmental inflation estimate, falls short for 2011
El Deber’s website reported last night about current Bolivian government falling short on their inflation estimates. By the end of the year, the government was expecting a 6% annual inflation rate. Which was adjusted earlier this year, with an incredible 50% increase, yes that is right, 50% increase following the aftermath of the “gasolinazo” (government generated chaos by trying to…
Economic subsidies and/or nation’s survival?
Bolivia has to understand whether subsidies are good for our economy and development over the long run. If we engage in populist /easy-going economic policies such as subsidies in the form of low gasoline prices for example and bonuses paid to specific clusters (i.e. bonus to children from public schools only; bonus to the elderly, regardless their…
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