Argentine economists facing inflation fraud charge

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Associated Press

Posted on September 13, 2013 at 2:32 PM

Updated Friday, Sep 13 at 6:33 PM

BUENOS AIRES, Argentina (AP) — Argentina is trying again to criminally prosecute people who publish independent inflation data. The case against Orlando Ferreres and other economists comes as Congress opens debate on the 2014 budget, which assumes good times next year for the South American nation's economy.

The government predicts 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 say these numbers are wildly optimistic.

Commerce Secretary Guillermo Moreno wants four consulting firms to face criminal charges of speculation. But Ferreres said Friday that the charges make sense only in an "upside down world."

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