Shock Horror News!!!!!: Peru mainstream politician tells truth about inflation

It comes to something when the rich Lima families care more
about the poor in Peru than a supposedly left wing
party like APRA. ¡Pachacuti!

Víctor Andrés García Belaunde is an estabished figure in Peruvian politics. As well as heading the "Frente de Centro" (centre front if you like) party in Congress, he comes from a long line of family members in Peru politics. Last names Belaunde and Diez-Canseco are common in the history of la politica Peruana and are all blood relations of Victor. Basically, more "Lima upper-middle estabishment family" is impossible to imagine.

So it's good that a dude like Victor has finally said what the smarter economists have been saying for a long time now, cos it's only when people like the Belaundes say these things that the rank'n'file take notice. Today, García Belaunde attended a Peru Central Bank (BCRP) presentation, and on being able to get his own dos centavos on the table said the following:

"(The Central Bank) has estabished something that goes unsaid; inflation in Peru is not 5.7%. This number is for Lima. Infaltion in Peru is not 5.7%, the national average is 9.25%. This is a lie that needs to be corrected and denounced. We are talking about double digit inflation in nearly 13 departments; this is very serious and the government says nothing about it."

YAY! Damn straight, Vic! García Belaunde continued by talking about the burden of food price inflation on the poorest sectors of Peruvians. "In June inflation was 0.77%, but food proce inflation was 0.48% (of that total). We can prove that the effect of food on inflation is 62% and those that suffer most are those that have the least." Correctamundo, Fonzie! He also said (quite correctly) that many basic foodstuffs have risen more than 100%, and this inflationary pressure had nothing to do with the price of improted goods such as wheat or oil.

He then got as close as one Peruvian criollo establishment figure will ever get to calling another establishment Peruvian criollo a barefaced lying sonofabitch when he said that the Julio Velarde (head of the BCRP) "has said things that are not exact" in his presentation. García Belaunde then finished his "j'accuse" session on a strong point, by stating that the Finance Ministry and the BCRP don't seem to be coordinating their efforts very well, which in the obvious stakes is on a par with "Alan is looking a little chubby these days."

What's so funny, lardarse?

Hopefully this will open the debate on inflation further than the present mediocre Twobreakfasts administration have allowed so far. Those pig sick of hearing the blatant lie about Peru having the lowest inflation in South America (include Otto in that list) have reason to cheer the establishment today. In fact, the only statistic worth its salt in Peru these days is the Presidential approval rating, and how up to 22% can still support Twobreakfasts is kinda suspicious in itself, frankly.