Merco Press reported yesterday that Buenos Aires is more expensive than last year, due to inflation estimated at between 10 to 20 percent and to the drop in the dollar’s value. Luckily, it still ranks among the cheapest cities in the world for foreigners, though it may not be the value that it once was. The Argentine … Read more
The Argentine Post has an interesting story discussing The Economist’s Big Mac Index which compares prices on McDonald’s Big Mac across the world as a way to measure purchasing power. As they explain: …The average cost of a Big Mac in Argentina now totals U.S. $3.64, compared with $3.57 in the U.S., according to the … Read more
It seems that a lot of the news these days is focused on the ongoing farmer’s strike in Buenos Aires and it’s effect on consumer confidence. Guardian.co.uk is reporting on Argentines putting the brakes on spending due to rising inflation, the continued dispute with farmers and lack of confidence in the president. Many sources dispute the government’s numbers … Read more