CEPO is lifted

[chris]

It’s MEP minus 7%. It hasn’t been official in two years. That said, the difference between MEP and official is roughly 7 pesos per dollar now.

Visa and Mastercard apply it at point of sale, AMEX will refund the difference in a week or two.

There are compare and vents MEP rates. Which one applies? From that you subtract 7 pesos? Do foreign Mastercard/Visa and Amex give same rates?

 

[dlish]

Wow Big news supermarkets rejected new price lists with a 9 % an 12 % increases . Four monopolistic suppliers control the offer Molinos, Unilever and a few others.

Same thing happened about 9 months ago when prices started to really go nuts, supermarkets said they’d fight it. After a month slowly the price increases get quietly accepted and happen anyway … it makes for a great headline for the supermarkets but don’t count on it following through

 

[Rich One]

Same thing happened about 9 months ago when prices started to really go nuts, supermarkets said they’d fight it. After a month slowly the price increases get quietly accepted and happen anyway … it makes for a great headline for the supermarkets but don’t count on it following through

A news media mentioned that the Supermarket suppliers hadn't sent a new price list. Claimed it Was all a creation of the army of Government trolls.....!

 

[Che1990]

And all the while prices in pesos are going up, the dollar has dropped about 6% today. Ridiculous.

 

[Stephano]

And all the while prices in pesos are going up, the dollar has dropped about 6% today. Ridiculous.

Agree! I won't come back to Argentina for another 2 weeks and when I do prices will be 30 - 40% more expensive (in dollar term and peso inflation) than when I have left in late March. I am currently in the United States and see than there are many more items in the grocery shop that are now equal in price or cheaper than Argentina's. I don't say that it is cheaper to live in the States than in Argentina, but the difference is eroding faster.