Friday, April 13, 2007

Argentina's Peso Bonds Decline on Mounting Concern Over CPI Data Tampering

(Bloomberg) -- Argentine peso bonds fell for a second day on mounting distrust of the government's inflation figures.

The National Statistics Institute revised this week the March figures from a component of the consumer price index called the basic food basket. The institute said on April 11 that prices in the basket fell 0.2 percent in March, reversing an initial report of a 3.6 percent rise. The move added to data- tampering concerns that began in January when President Nestor Kirchner replaced the head of inflation-gathering at the institute with a political appointee.


Read more at Bloomberg Emerging Markets News

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