So while it's true that Argentina is cheaper than some countries and Argentines often forget this (i.e. they think about earning in dollars and euros with Argentina prices in pesos), it's also
really weird to me that the authors of this article completely ignored the concept of Purchasing Power Parity, i.e. the Subte could be 1¢ here, but that doesn't mean a thing if you only make a dollar a month for example.
If we adjust for PPP based on the monthly minimum wage and use the Blue (the only real exchange rate) this is what some things look like in comparison:
Item | Price in USD
in BSAS | Price as % of Monthly Minimum Wage | Price in
USD in... | Price as % of Monthly Minimum Wage | AR is... |
2L of Water | 33¢ | 0.0017% | NYC: $1.50 | 0.00062% | More Expensive |
12 Eggs | $1.87 |
0.0096%
| Madrid: $2.27 | 0.00215% | More Expensive |
1 Metro Ticket | 15¢ | 0.0007% | Tokyo: $1.30 | 0.001% | Cheaper |
iPhone 12 | $950 | 488% | Sao Paulo: $902 | 377% | More Expensive |
1 Bedroom Apartment | $254.45 | 130% | Mexico City: $669.17 | 354% | Cheaper |