translated from Spanish: IPC: 626 Records of 11 products were “adjusted” in August 2018

The director of the National Institute of Statistics (INE), Guillermo Pattillo, presented to the Senate Economy Commission to provide background on the manipulation of the consumer Price Index (IPC). According to the mercury, Pattillo explained that a total of 626 records of 11 products that make up the basket with which the IPC is calculated, were “adjusted” in August of the year 2018. According to the INE’s director, 138 price records of “disposable diapers” were handled in the month indicated, the first to detect “signs of manipulation” in the consumer price index, together with September and November of last year. In addition, 114 records of “skin creams” were changed; 103 of “deodorants and antiperspirants”; 100 “Orange”; 47 “Fish”; 46 of “colonies and perfumes”; 39 “Lemon; and 36 of “pork and beef chicken”. Pattillo explained that to “adjust” these products was allocated code 201, a variety currently exhausted temporarily, to impute prices. In this sense, he added that “this allocation is not necessarily invalid, so it revistó if its application followed the established protocols”. Finally, he pointed out that the allocation of this code was not appropriate, since the prices of the aforementioned products had already been lifted.

Original source in Spanish