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Argentina Trying Again To Prosecute Anyone Who Publishes Unofficial Inflation Data

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http://abcnews.go.com/International/wireStory/argentine-economists-facing-inflation-fraud-charge-20252869

Argentina is trying again to criminally prosecute people who publish independent inflation data, just as Congress opens debate on a 2014 budget that assumes economic good times next year.

The government is predicting strong annual economic growth of 6.2 percent, inflation of just 10.4 percent and a peso dropping only 10 percent against the dollar.

Independent economists call these numbers wildly optimistic, and say that Argentina's growth prospects are troubling and inflation is actually running more than twice as high. They maintain that illegal currency trading reflects much greater pressure to formally devalue the currency than the government has acknowledged.

As Economy Minister Hernan Lorenzino proposed the budget to Congress, Commerce Secretary Guillermo Moreno went to court, accusing four different consulting firms of criminal "speculation" for publishing inflation data that contradicts official reports.

Among those Moreno targeted Thursday was economist Orlando Ferreres, who estimates inflation is rising by 23.8 percent annually. He called the accusations against him "ridiculous" in an interview with Radio La Red on Friday, and said they only make sense in "an upside-down world."

Can't wait for this to spread around the globe, don't question unofficial data as the govt never lies.

Utterly farcical.

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