Thursday, January 17, 2013 2:48 pm
News Summary: Gov't food price claim baffles
By The Associated Press
LIES AND STATISTICS: The government's official inflation rate is based largely on food costs. The International Monetary Fund has lost patience after urging Argentina for years to improve this measure of consumer prices.
PUNISHMENT: The IMF is now on the 12th step of a 15-point process for flagging Argentina because it doesn't follow the rules. The IMF could censure Argentina or even suspend its membership.