Take physic, pomp

Chart of the day is..

…a breakdown of Peruvian exports by month, 2007 to date.

This chart was part of the section overview on Peru in yesterday’s IKN Weekly. I still fondly remember the days when they told us that Peru wasn’t dependent on mining any longer. Apropos of this, Peru’s export people ADEX (which is run by a dumbass, by the way) told us this weekend that volumes of exports are up 2.9% in the first seven months of the year. However the value of those exports are down by 8% and that even includes all the sugar they’ve been selling at a 243% premium to last year.
Deflation, what deflation?

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