Wautoma, WI
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0:56 AM CST
Partly Cloudy
Temperature
4°F
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Humidity
83%
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30.19 in. F
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Overnight Forecast (Midnight-7:00am)
Temperatures will range from 7 to 15 degrees with partly cloudy skies. Winds will remain steady around 3 miles per hour from the east. No precipitation is expected.
7-Day Forecast
Wednesday
15°F / 7°F
Partly Cloudy
Wednesday
29°F / 15°F
Partly Cloudy
Thursday
22°F / 12°F
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Friday
28°F / 15°F
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Mostly Cloudy
Detailed Short Term Forecast
Issued at 0:56 AM CST
Wednesday...Temperatures will range from a high of 15 to a low of 7 degrees with partly cloudy skies. Winds will range between 2 and 5 miles per hour from the eastsoutheast. No precipitation is expected.
...$dailyWea.get(0).segments.get($o).statement
Overnight ...Temperatures will range from 7 to 15 degrees with partly cloudy skies. Winds will remain steady around 3 miles per hour from the east. No precipitation is expected.
Wednesday...Temperatures will range from a high of 29 to a low of 15 degrees with partly cloudy skies. Winds will range between 1 and 15 miles per hour from the eastsoutheast. Less than 1 inch of snow is possible.

Argentina freezes prices to break inflation spiral

Feb. 7, 2013 | 0 comments

Argentina announced a two-month price freeze on supermarket products Monday in an effort to break spiraling inflation.

The price freeze applies to every product in all of the nation's largest supermarkets - a group including Walmart, Carrefour, Coto, Jumbo, Disco and other large chains.

The companies' trade group, representing 70 percent of the Argentine market, reached the accord with Commerce Secretary Guillermo Moreno, the government's news agency Telam reported.

The commerce ministry wants consumers to keep receipts and complain to a hotline about any price hikes they see before April 1.

Polls show Argentines worry most about inflation, which private economists estimate could reach 30 percent this year.

The government says it's trying to hold the next union wage hikes to 20 percent, a figure that suggests how little anyone believes the official index that pegs annual inflation at just 10 percent.

The government announced the price freeze on the first business day after the International Monetary Fund formally censured Argentina for putting out inaccurate economic data.

The IMF has given Argentina until September to bring its statistics up to international standards, or face expulsion from the world body in November.

President Cristina Fernandez and her economy minister, Hernan Lorenzino, responded over the weekend with a flurry of attacks on the IMF, saying the agency's data-gathering efforts had lost credibility in the lead-up to Argentina's historic 2001 debt default.

They said IMF advice is leading Europeans astray by favoring big banks over measures that can grow economies out of crisis.

However, Lorenzino also said that the government will begin using a new inflation index starting in fourth-quarter 2013 - just in time for the IMF's decision.

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