Cost of living in Argentina for foreigners improving?

[jantango]

Argentina Could Be a Superpower

Its geography could have made it the United States of Latin America

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[SlowWalker]

Exactly, well said... Prices in Pesos won't drop, may go up.

I've noticed the price of meat has gone down in pesos.

I think I saw a video online, of a news show that compared the price of some goods from a year ago, and showing some did go down. Of course, others went up or stayed relatively flat.

 

[carride]

We arent talking about consumer prices, we are on an expat forum with people getting paid/recieveing USD.

It will get cheaper for us

This thread was following the discussion “cost of living” or costs for expats in general. It went off the rails recently when the topic changed to “prices” which is not he same thing. Except, I guess, if discussing prices of specific products.

 

[SlowWalker]

This thread was following the discussion “cost of living” or costs for expats in general. It went off the rails recently when the topic changed to “prices” which is not he same thing. Except, I guess, if discussing prices of specific products.

Cost of living for foreigners is driven by 2 things: 1) the price in pesos, and 2) the relative value of the peso to their other currency.

The dollar has lost about ~13% against the euro this year. So for a European things didn't get as expensive as they did for Americans.

In general, the peso has devalued over the last two months more than the increase in prices in pesos, in percentage terms, so to the original question, things have gotten cheaper for foreigners.

The value of the peso has primarily changed due to the political risk related to potential election outcomes. We'll have to wait and see the outcome of the election and see what happens.

 

[desde_Holanda]

Prices did NOT get 'cheaper'. Never. But the cost of pesos got cheaper. Next class!

But... this is what my original post is all about.... deflation in USD terms.

 

[desde_Holanda]

Cost of living for foreigners is driven by 2 things: 1) the price in pesos, and 2) the relative value of the peso to their other currency.

The dollar has lost about ~13% against the euro this year. So for a European things didn't get as expensive as they did for Americans.

In general, the peso has devalued over the last two months more than the increase in prices in pesos, in percentage terms, so to the original question, things have gotten cheaper for foreigners.

The value of the peso has primarily changed due to the political risk related to potential election outcomes. We'll have to wait and see the outcome of the election and see what happens.

Thank you. And yes, I agree: the outcome of the elections will define USD/ARS, at least for the next 1 - 2 months. For EUR/ARS I think it will be the same, even though EUR/USD development at this moment is highly unpredictable, but I feel EUR/USD will have less effect than the elections.

 

[Warm_breeze]

This thread was following the discussion “cost of living” or costs for expats in general. It went off the rails recently when the topic changed to “prices” which is not he same thing. Except, I guess, if discussing prices of specific products.

If you dont think cost of livings is = prices you are extremely dumb/

 

[Bajo_cero2]

Prices will drop ? I sincerely doubt it.

We are always talking in USD.

 

[Ries]

Cost of living for foreigners is driven by 2 things: 1) the price in pesos, and 2) the relative value of the peso to their other currency.

well, there are a few more things-
degree of adoption of local customs- If you eat what it available and affordable, wear the clothes they make here, travel, like most Argentines do, on public transportation, and are modest in your demand for high priced imports, you live a lot cheaper.

And, WHERE you live makes an enormous difference.
Certain barrios in and around CABA are the most expensive in the country.
Even travelling 20 minutes by bus can lower many of your expenses.

living outside of CABA, especially in other provinces, is much cheaper.

I have been, in the two years, in Rosario, (Santa Fe Provincia) Catamarca, Tucuman, and Santiago del Estero Provincias.
All are significantly cheaper than CABA for most things.
Food and Restaurant prices are much less, for example, as are hotel, transport, and consumer product prices for non-imported goods.
I didnt check, but I would be amazed if rent and real estate sales prices are not much less also.

If you MUST live in a Country (barrio privado), must own a car, must eat imported delicacies and wear name brand global multinational clothing, you will have a much higher cost of living than if you dont...

 

[Warm_breeze]

Cost of living for foreigners is driven by 2 things: 1) the price in pesos, and 2) the relative value of the peso to their other currency.

well, there are a few more things-
degree of adoption of local customs- If you eat what it available and affordable, wear the clothes they make here, travel, like most Argentines do, on public transportation, and are modest in your demand for high priced imports, you live a lot cheaper.

And, WHERE you live makes an enormous difference.
Certain barrios in and around CABA are the most expensive in the country.
Even travelling 20 minutes by bus can lower many of your expenses.

living outside of CABA, especially in other provinces, is much cheaper.

I have been, in the two years, in Rosario, (Santa Fe Provincia) Catamarca, Tucuman, and Santiago del Estero Provincias.
All are significantly cheaper than CABA for most things.
Food and Restaurant prices are much less, for example, as are hotel, transport, and consumer product prices for non-imported goods.
I didnt check, but I would be amazed if rent and real estate sales prices are not much less also.

If you MUST live in a Country (barrio privado), must own a car, must eat imported delicacies and wear name brand global multinational clothing, you will have a much higher cost of living than if you dont...

I went to Mendoza and was blown away at how much cheaper it is than Bs As

At times i got the bill and thought they fudged the numbers it was so low

It feels like eating out is about 40% cheaper.