One must resist the phenomenal price increases (please don't quote prices in Sydney or Seattle). Buy only essentials. If consumption keeps declining something will have to give...? Resist Do not consume.
To whom excatly does the word "one" apply? Are you advocating that some or most (if not all) expats adopt what might be regarded as a "frugal lifestyle" to drive down prices in Argentina?
According to Sergio, most expats would "not be willing to adopt (a) frugal lifestyle." He was addressing me specifically when he wrote that on November 12 in reply to my post (#52 in this thread).
I did not respond to the comment then, but I will now. I actually regard my lifestyle as "economical" rather than "frugal" though I agree with Sergio's assessment regarding most expats, including me.
While my monthly income is fixed at $800 USD and my monthly COL has more than doubled this year and is now a little over half my monthly income, I can still buy all the beef, eggs, butter and coffee that I wish to consume every day, as well as pay all of the bills and still have almost $400 USD to invest, which I will continue as long as possible. If and (more likely) when my monthly COL becomes greater than $800USD I will start selling some of my investments.
PS: I don't spend money eating in restaurants because I am frugal. I don't eat in restaurants because have a desire to stay healthy, and I don't spend money on internacional travel because I prefer being where I live more than any other place in the world.
I probably would not feel this way if I had been frugal and bought a cheaper place to live, instead of the house I have been living in, sleeping under the same roof every night, since June 25, 2010. There is not now, and never has been, a financial reason preventing me from internacional travel.
There simply isn't anywhere else in the world l would rather be...or consider worth the effort to get there.