Working without high inflation

This week my supervisor asked me to calculate the 2013-2014 revenue estimates for the Service Line Protection Program (one of the City’s partnerships), and I thought about the benefits of doing this task in a country where the inflation rate is very low. If I had to do it in Argentina I would have two main obstacles. First, I would have to adjust prices for expected inflation based on the current inflation. Second, the real inflation rate is higher than the official rate calculated by the national government. The government says that the annual inflation rate is 10% whereas private estimates state that the annual rate is around 27%. Thus, this fact would contribute to make the revenue estimates even less accurate. Besides specific calculations like the one just described, in order to perceive inflation, it only takes a person to go to the store once a week to see how prices are going up. I can say that inflation definitely makes everybody’s life more complicated.