there is no question that inflation in Argentina has been running 20% to 40% a year for the last few years.
everything costs more, and it is no longer "cheap".
Whether its cheaper than where you live, depends on where you live.
Its still cheaper than most major US cities.
Some things are still very cheap- my utilities and real estate taxes are a fraction of what I pay in the USA.
taxis, as mentioned, are cheap. Buses and the subway are practically free. I ride for a week on what two rides in Seattle would cost me.
All imports are silly expensive- Argentina is still, as far as I know, the highest in the world for Apple products, and cars are roughly double what they cost in the USA, for the same new vehicle. Just the other night heard of a friends uncle who just spent $65,000 or so, cash, USD, for a Mini Cooper that sells for under $30k in the USA.
higher quality goods that are made in Argentina are a bargain- leather, shoes, some clothing, craft items like knives or jewelry, furniture, eyeglasses frames, things like that.
curiously, beer has risen to close to US prices, especially microbrews. Wine, and locally made hard liquor is very reasonable.
I drink both Fernet and Campari- and both cost about 1/4 the price here as in Washington State.
I still find better restaurants to be very good value for the money- usually about half of Seattle prices.
Many cheap imported things in the states are expensive imported things here.
I try to buy local, industria argentina, as much as possible.