Good point Davidglen77, no clobbering on my part.
What I don't get is how these prices can be maintained if they are too expensive for the market they serve. One could argue that taxis are a relative luxury here, but everyone needs to buy food. So if prices for basic items exceed the budget for the average person, what could be going on. I don't have any metrics on wage inflation, but it seems to me that there is raising wages for unions, gov't workers, and white collar workers, but that's about it.
So, the more I think about it, the more it seems to me to be a slow motion inflationary blowout, rather than re-entry into the prices and purchasing power of the Global North (however long the Global North lasts).
Here's the real kicker, anyone noticed the basic cover for night spots went from 30 to 40 pesos? Toy with the pasta price all you want, but leave the beer alone!
What I don't get is how these prices can be maintained if they are too expensive for the market they serve. One could argue that taxis are a relative luxury here, but everyone needs to buy food. So if prices for basic items exceed the budget for the average person, what could be going on. I don't have any metrics on wage inflation, but it seems to me that there is raising wages for unions, gov't workers, and white collar workers, but that's about it.
So, the more I think about it, the more it seems to me to be a slow motion inflationary blowout, rather than re-entry into the prices and purchasing power of the Global North (however long the Global North lasts).
Here's the real kicker, anyone noticed the basic cover for night spots went from 30 to 40 pesos? Toy with the pasta price all you want, but leave the beer alone!