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15 posts tagged inflation from Discover Buenos Aires.
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15 posts
I truly believe Argentina has some of the best ice cream in the world. Unfortunately, Argentina also has inflation of around 30%. What does this mean for ice cream? Well, a kilo of Freddo ice cream has jumped 119% since 2011! (If you happen to have USD you’re lucky as the price has decreased almost … Read more
While public health care in Argentina is free, most people who can afford it choose to go with private healthcare plans. Under private insurance, there is a much wider range of doctors and specialists available and less of a wait for services. Private health care costs vary widely based on age, family size, plan options, … Read more
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 … Read more
Following up on yesterday’s wildly popular “Time To Lock Up The Cheese” comes today’s “Now We’re Locking Up The Tuna?” Inflation is killing this country. Pretty soon you’ll need to leave a deposit before you even enter the supermarket and have to go through a full body scanner on the way out. – Hat … Read more
File this one under “Only in Argentina.” Looks like with all the inflation in Buenos Aires, shredded cheese (queso rallado) has hit $70 pesos a bag and this grocery store is worried about it being stolen – bags of shredded cheese have had security tags installed on them. I’m not quite sure what’s to prevent … Read more
Our friend Martin Frankel from Areatres posted two menus on Facebook that showed the prices of the same restaurant from Summer 2007 to Summer 2013. In 6 years you can see exactly how crazy the inflation in Argentina has been – a roasted chicken went up a whopping 445%, a liter of beer went up … Read more
Yet another reminder of why it sucks to be a gadgetphile in Argentina… This was a “great deal” on a 42″ flat screen in Argentina last week: This was a “great deal” on a 42″ flat screen in the United States last week: And to rub salt in the wound, The Atlantic Cities also points … Read more
Starting on Monday, December 12, 2011, a new $2 peso coin will begin circulation in Argentina. The current $2 peso notes will still be used as well. Looks like the government is getting ready for more inflation though there is still no word on when $200 and $500 peso bills will be introduced. – Las … Read more
In Argentina, the Big Mac is an “off menu” item. Rumors have it that the government has asked McDonalds to keep the price of the Big Mac artificially low in order to hide the true inflation here, which is reported in the Economist’s Big Mac Index.
Sorry for the delay in posting, but we’ve been travelling a lot recently. We’ll be trying to get back to some more regular postings soon! For now, here’s some news… Tourism Declines Again In November [The Argentine Post] The Argentine Post is reporting that the number of people visiting Argentina declined for the second consecutive … Read more
Fires Burn Over 1,200 Acres In Argentina [LAHT] A state of emergency has been declared in Argentina’s Tierra del Fuego province, where more than 500 hectares (1,234 acres) of forest have been scorched by several fires, forcing the evacuation of dozens of people, officials said Sunday. Argentine automakers to sell at cost, protect jobs [Reuters] … Read more
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