Coffee and cake prices

For me as a expat living in Buenos Aires since 2002 prices in us dollars in many cases are now 10 times more in us dollars than at that period . People will critizise the Kirchners but the reality for most argentinians was very positive especially in the first presidency of Nestor Kirchner which was a golden period of argentinian history . I was working then as work was very plentiful and cost of living was extremely low . Even with a salary of 400 dollars a month people lived well as everything was so much cheaper .

Today I was in Palermo and this is what I saw croissants 6000 pesos . cheesecake with some rasberries 10000 pesos . carrot cake 8000 pesos . coffee cortado 5000 pesos . These were the average prices in 95% of cafes . I checked online for comparables in Europe Australia and USA and in every case prices were significantly cheaper especially for cakes . Croissants in Paris are on average 1.20 euros .

How is it justifiable that in Argentina they are 4 times dearer? In 2002 3 medialunas and a cortado served with flair and panache 2.80 pesos or just one us dollar at that time . Back then coffees were also served with mini factura and a small mineral water at no cost .

I used to have one coffee a day outside now its once every fortnight and I see that most coffee shops are empty except the most elite in Palermo and Puerto Madero . How long can these prices keep going up ?
In Argentina you can't have your cake and eat it too -- you can't afford the price
 
It’s a combination of the exchange rate and the culture of capitalism not working.

I’m in Uruguay right now and amazingly Argentine products are 20-30% cheaper here.

It’s no coincidence that some Argentina press this week reported that FMI had requested a 30% devaluation as part of the agreement.

Here I am seeing lots of products imported from Argentina 20-30% cheaper.

The FMI is right. The exchange rate is 30% overvalued.

Then regarding the whole laws of capitalism (supply and demand, businesses competing etc), that will take time.

There would need to a proper opening of the economy, not a half-baked “4 times per year and only upto $400 USD fee-free and lots of headaches with Correo Argentino”.

Here, in Montevideo, I’ve bought clothes in H&M, decent t-shirt for $US10 and a decent pair of trainers in Decathlon for US$35.

Now, if that were allowed in Argentina, that would then spark competition.

But no, not even under Milei.

Victoria’s Secret has arrived and it’s over 100% more expensive than in the US. The same will happen when Decathlon arrive later this year, the prices won’t be competitive with all the taxes.

I agree the bubble will burst soon, the inflation in dollars is gaining more notoriety and the empty cafes and restaurants is a talking point on X.
 
It’s a combination of the exchange rate and the culture of capitalism not working.

I’m in Uruguay right now and amazingly Argentine products are 20-30% cheaper here.

It’s no coincidence that some Argentina press this week reported that FMI had requested a 30% devaluation as part of the agreement.

Here I am seeing lots of products imported from Argentina 20-30% cheaper.

The FMI is right. The exchange rate is 30% overvalued.

Then regarding the whole laws of capitalism (supply and demand, businesses competing etc), that will take time.

There would need to a proper opening of the economy, not a half-baked “4 times per year and only upto $400 USD fee-free and lots of headaches with Correo Argentino”.

Here, in Montevideo, I’ve bought clothes in H&M, decent t-shirt for $US10 and a decent pair of trainers in Decathlon for US$35.

Now, if that were allowed in Argentina, that would then spark competition.

But no, not even under Milei.

Victoria’s Secret has arrived and it’s over 100% more expensive than in the US. The same will happen when Decathlon arrive later this year, the prices won’t be competitive with all the taxes.

I agree the bubble will burst soon, the inflation in dollars is gaining more notoriety and the empty cafes and restaurants is a talking point on X.
devaluation of ONLY 30%?
 
As many know I am greek and greek yoghurt manafuctured here is nearly 3 times dearer than greece . I cannot understand how these outrageous prices can be justified as argentina has more cows per capita than anwhere on the planet. There is a few local brands one is called Kays one tub much less than one kilo nearly 15000 pesos


I've been specifically following the price of greek yogurt for about the last year. One of the dieteticas I used to frequent was charging 32000(!!!) pesos for a larger container of yogurt (less than a kilo I imagine).

I found a brand the other day that had 500g for 7200 and I thought that was a steal (sign of the times). I've been contemplating whether it's worth it to buy a slow cooker just to make Greek yogurt at home..
 
I've been specifically following the price of greek yogurt for about the last year. One of the dieteticas I used to frequent was charging 32000(!!!) pesos for a larger container of yogurt (less than a kilo I imagine).

I found a brand the other day that had 500g for 7200 and I thought that was a steal (sign of the times). I've been contemplating whether it's worth it to buy a slow cooker just to make Greek yogurt at home..
Greek yogurt is very simple to make making the proces in argentina seem like pure robbery . Greek organic yogurt with the most creamiest texturre is 7 euros a kilo in greece Here this product does not even exist of this Quality . Greek yogurt is normally served with wild honey and chopped almonds or figs . It's a delicia
 
I've been contemplating whether it's worth it to buy a slow cooker just to make Greek yogurt at home..

Sounds like a great idea. I think I'll try it!


PS: Just as a matter of personal choice, I won't sweeten it with honey or serve it with dried fruits like figs or cranberries (to avoid the glucose spikes) or almonds (to avoid the oxilates)...and never with bread of any kind (to avoid glucose spikes).

I would likely consume the yogurt late in the morning in combination with scrambled eggs cooked in beef tallow in a plancha de hierro...several hours after drinking a glass of water with a tablespoon of white vinegar (to reduce glucose spikes throughought the day).
 
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Greek yogurt is very simple to make making the proces in argentina seem like pure robbery . Greek organic yogurt with the most creamiest texturre is 7 euros a kilo in greece Here this product does not even exist of this Quality . Greek yogurt is normally served with wild honey and chopped almonds or figs . It's a delicia
I yearn for some good Greek yogurt and above all Skyr but I know that’s a pipedream here. Vive cafe in Palermo Hollywood is my usual go to for a decent granola Greek yogurt
 
Dahi is a great Greek yoghurt ...!! The investment and time requirements. for home production, is not for everyone. available in most supers . Price estimate $1500 pesos for 200 grs.


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I've been contemplating whether it's worth it to buy a slow cooker just to make Greek yogurt at home..
In 2023 I searched for 220 volt crockpots (aka: slow cookets) offered for sale on Mercado Libre and shared the results here:


Here are two that are available now:


This one costs only $1650 pesos more and has a 3.5l capacity vs 1.5l.


The 3.5l olla featured in my 2023 post is still available, but the price is now almost $85.000:

 
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I just noticed that this is a rice cooker, not a slow cooker:


So, this 3.5l slow cooker


is $26.350 pesos "cheaper" than the "cuk" 3.5l model:

 
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