BUENOS AIRES, 25 Feb. (Reuters) - The Argentine government has sanctioned Thursday at a private consultant to spread a different inflation index issued by government agencies, as announced by the official news agency Telam, a move that will expand generated controversy that questioned official economic indicators.
The Orlando Ferreres y Asociados consultancy, the indicators used to Reuters estimates of the economy, has been fined by the Internal Trade Secretariat with 500,000 pesos (90,335 euros). The company had violated a standard on fair trade which provides fines for those who by concealment or inaccuracies could lead to mistakes and confusion about the prices of goods, according to unidentified sources quoted by Telam.
The consultant would be "creating uncertainty among the population," a source told the official news agency. The official inflation rate is highly contested by the opposition to the Government of Cristina Fernandez de Kirchner, private analysts and even personal Officer National Institute of Statistics and Censuses (INDEC), which was operated for years by the controversial Interior Secretary of Commerce, Guillermo Moreno.
Months before the presidential election, the Government seeks to prevent high inflation affects the image of President Cristina Fernandez, who seek re-election in October. INDEC has registered an annual inflation of 10.9 percent for 2010, well below the level of around 25 percent estimated by private analysts. 
The Orlando Ferreres y Asociados consultancy, the indicators used to Reuters estimates of the economy, has been fined by the Internal Trade Secretariat with 500,000 pesos (90,335 euros). The company had violated a standard on fair trade which provides fines for those who by concealment or inaccuracies could lead to mistakes and confusion about the prices of goods, according to unidentified sources quoted by Telam.
The consultant would be "creating uncertainty among the population," a source told the official news agency. The official inflation rate is highly contested by the opposition to the Government of Cristina Fernandez de Kirchner, private analysts and even personal Officer National Institute of Statistics and Censuses (INDEC), which was operated for years by the controversial Interior Secretary of Commerce, Guillermo Moreno.
Months before the presidential election, the Government seeks to prevent high inflation affects the image of President Cristina Fernandez, who seek re-election in October. INDEC has registered an annual inflation of 10.9 percent for 2010, well below the level of around 25 percent estimated by private analysts.
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