G-20 Member Argentina Is Failing Basic Data Transparency Test on Inflation—And Where’s the IMF on It?
Bad news from Argentina: The government has been tampering with inflation statistics for several years (publishing official rate as 8 percent compared to independent estimates greater than 20 percent). Now it is imposing big fines ($100,000) on private consulting firms and individuals producing private estimates. And where is the IMF on this issue? In deference to its member Argentina it publishes the official estimate with a footnote suggesting private estimates are much greater. More background (in Spanish) can be found