I have no idea what the official figures were like but in the six months before the economy crashed end of 2001, I didn't noticed any inflation. The exchange rate was 1:1 until mid-December when it dropped suddenly and fairly massively for several months - I remember I was getting around 7 pesos to the British pound in 2002 and prices generally remained at their pre-devaluation levels - maybe there was some initial inflation to help balance things out...but my costs here went from the same as they were in London, to less than half that within days.syngirl said:Well just this mornng on C5N they were saying that Argentines will have to accept the reality of a 4:1 usd in the coming months.
Out of curiosity, does anyone know what the exchange rate and rate of inflation peaked at before the economy crashed last time round?
Rad said:I was in BsAs in February and March and while things were more expensive than two years ago, food&booze was still around 30% to 40% cheaper than Vancouver. Leather and imported goods were expensive. Real estate went up, but it is still "cheap" when compared to Vancouver, where the average price for a house reached 1 million dollars this March (You can see some million dollar beauties here: http://www.crackshackormansion.com/).
On the other hand, if I had to live on an Argentine salary, I would be packing right now.
I pay U$S 50 to fill up the tank of my car - not a truck, and not with the most expensive gas. A lunch for two with no wine in an average Belgrano restaurant was fifty dollars last week.hannstew said:I agree with everyone that the inflation has gone thru the roof in the last year. Were many of you around to remember when the peso was .. If you think things are expensive now, it was not even logical to visit then.. I remember when it took U$S 80-100 to fill up the truck with gasoline and a dinner out for 2 was on the upwards scale of $75.. If any of you guys are still around in a couple years, I would like to hear what you thought about these times we are going thru now..