How Bad Is Inflation In Argentina?

Inflation in Argentina is terrible. Ever since the government allowed the peso to devalue on January 24, prices have risen dramatically. Even those who have dollars cannot keep up as the blue rate has not kept pace with inflation. Argentina is well on its way to hyperinflation.

Living here, we see price increases on a daily basis, but one of the most striking examples we have seen recently comes from our favorite sushi delivery place – Oi Sushi (really good sushi in Buenos Aires is hard to find). Take a look at their menu from February 2014:

Oi Sushi Menu February 2014

And now the menu we just got in March 2014:

Oi Sushi Menu March 2014

Yes, as expected prices are higher – from 9% to a whopping 34% more!

What’s most interesting though is that they decided not to print prices on their new menu – every price is filled in by hand. That’s a lot of extra effort, but saves on the cost of printing a new menu every month. That’s crazy!

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