You don’t have to agree on anything that economists such as Javier Milei are saying. But I certainly share his view that the inflation will accelerate very sharply, and rather sooner than later.
Do you prepare yourself for this scenario? If yes, how? Some thoughts
• obviously you try to minimize your pesos in cash (and current accounts). But this is nothing new
• if you have a peso income, a sharp decrease in the purchase power is to be expected (as i would expect the adjustments lag behind and probably not to the full extent of the inflation)
• “pesify” the expenses. Especially lease agreements etc (here the negotiating power should be strong). Probably also worth to check clauses in regard to indices to avoid problems (what reference is the adjustment based on, as of when exactly does it apply etc)
• pay in cuotas? It is not something I am using as i don’t have bank account / credit card. But this might be an interesting option for those who have
• personally i will also organize a bit more usd in cash to prepared in case the current payment methods are getting more difficult
In case this “hyperinflation” gets reality: do you expect an increase or decrease of your purchase power in usd? (ie will the peso lose more to the usd than the inflation rate)
Do you prepare yourself for this scenario? If yes, how? Some thoughts
• obviously you try to minimize your pesos in cash (and current accounts). But this is nothing new
• if you have a peso income, a sharp decrease in the purchase power is to be expected (as i would expect the adjustments lag behind and probably not to the full extent of the inflation)
• “pesify” the expenses. Especially lease agreements etc (here the negotiating power should be strong). Probably also worth to check clauses in regard to indices to avoid problems (what reference is the adjustment based on, as of when exactly does it apply etc)
• pay in cuotas? It is not something I am using as i don’t have bank account / credit card. But this might be an interesting option for those who have
• personally i will also organize a bit more usd in cash to prepared in case the current payment methods are getting more difficult
In case this “hyperinflation” gets reality: do you expect an increase or decrease of your purchase power in usd? (ie will the peso lose more to the usd than the inflation rate)