Argentina inflation spikes to 92% as economic growth picks up

[Traveler]

If renting a 2 ambientes rental, utilities , Cable and Expensas will take care of 50% of the $300,000 peso net income . Add food, cleaning products, Disposable income? not much..! Living high on the hog? Option go back home and rent a tent?

Unless you own your house in the US free and clear, it's impossible to live on $1000 per month. And if you do own, you'd be eating bread and tuna sandwiches mostly.

 

[IamWaldo]

just a note, that the store owners are also abusing the inflation.

look the world wide inflation is lets'say 10%..
that means that the dollar would have lost also 10-15% of it's global value, that means there's still atleast a 15% gap considering blue rate vs nominal value of the usd.

When I look around in the shops, I see jumps which are unexplainable to me.. Cheese doubling in price within 2 weeks.. a simple hat jumps from 900 to 1500 and the list goes on and on and on..

 

[Redpossum]

As you implied, those living here on only $1,000 a month must be suffering.

Just a touch over 900 a month here, will be just over 1000 when the COLA kicks in next month.
And I wouldn't really say I am suffering. I have known far worse in my life. I eat meat every day, and plenty of fresh fruits & veggies. My clothes are ragged as hell, it's true, but eh, no biggie.

 

[Rich One]

From Clarin today the Blue dollar went up 54% this year , inflation was 95 % you can figure out how much buying power you lost ?

Asnwer : 95 - 54 = 41 % advanced financial math.

 

[Traveler]

From Clarin today the Blue dollar went up 54% this year , inflation was 95 % you can figure out how much buying power you lost ?

Asnwer : 95 - 54 = 41 % advanced financial math.

But don't forget the WU rate usually exceeds the Blue peso rate PLUS those on SS got an almost 9% increase. That evens the playing field quite a bit.

 

[Jtee125]

From Clarin today the Blue dollar went up 54% this year , inflation was 95 % you can figure out how much buying power you lost ?

Asnwer : 95 - 54 = 41 % advanced financial math.

I’d argue that a typical Porteño has a different inflationary basket of goods than a typical expat, so I’d expect there to be variance in the inflation rates for both of those baskets

 

[Rich One]

But don't forget the WU rate usually exceeds the Blue peso rate PLUS those on SS got an almost 9% increase. That evens the playing field quite a bit.

WU rate, after discounting the commission sometimes may equal or be lower than the Blue ? the 9% SS you mention applies in 2023 perhaps?. I concede may be the loss is ONLY 30 %...!!! wtf.

 

[Traveler]

From Clarin today the Blue dollar went up 54% this year , inflation was 95 % you can figure out how much buying power you lost ?

Asnwer : 95 - 54 = 41 % advanced financial math.

But don't forget the WU rate usually exceeds the Blue peso rate PLUS those on SS got an almost 9% increase. That evens the playing field quite a bit.

WU rate, after discounting the commission sometimes may equal or be lower than the Blue ? the 9% SS you mention applies in 2023 perhaps?. I concede may be the loss is ONLY 30 %...!!! wtf.

still better here (financially) than in the US. By far.

 

[sneakrnet]

But don't forget the WU rate usually exceeds the Blue peso rate PLUS those on SS got an almost 9% increase. That evens the playing field quite a bit.

still better here (financially) than in the US. By far.

Some people just don't understand math.

 

[Traveler]

Traveler, I agree 100 % with you only on the Nampe wine price increase (my favorite ).
I can't comment on price comparisons with the US, UK or other major Countries, obtaining satisfaction from it is futile ....
Some live here permanently, and have a budget they must keep, bear in mind that some expats living on SS would be way below poverty line in the US.

PD: The family poverty threshold is $33,148.Sep 22, 2022

Nampe at my Chinese just restocked: they have Chardonnay, Cabernet, Syrah, Malbec, Merlot and Tempranillo but raised to 500 pesos! Still a bargain. I stocked up but will go back to buy more.