Esteban Paulón: Inflation “is measured on an erroneous basis that must be modified because it affects workers and retirees”

On CNN Radio Argentina Esteban Paulón, national deputy of the Socialist Party for Santa Fe, referred to the project he presented to modify the measurement methodology and adjust the basket of goods and services in the Consumer Price Index (CPI) to the country's economic reality. On CNN Primera Mañana, he stated that “the inflation rate seems a little strange, because many products increase the more others fall in price and there is a mismatch. I…

The document urges the government to apply the new price formula, because by failing to do so it takes away $45,000 a month from retirees. The project notes that the current methodology includes products that are no longer part of consumption, such as tube TVs, fixed telephone lines, DVDs and cassettes. “Absolutely out of reality,” said the deputy.