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When I arrived in 2005 inflation was around 3%, Nestor was in power, the country was recovering well after the 2001 crisis, I had Amazon orders delivered to my door without all the bullshit Nazi import/customs procedures and you could have a meal for two including a bottle of wine for $50.
It all began to go downhill in 2007 when CFK became president and she zeroed in on the farmers and middle classes.
When I arrived in 2005 inflation was around 3%, Nestor was in power, the country was recovering well after the 2001 crisis, I had Amazon orders delivered to my door without all the bullshit Nazi import/customs procedures and you could have a meal for two including a bottle of wine for $50.
It all began to go downhill in 2007 when CFK became president and she zeroed in on the farmers and middle classes.
Uhm... Néstor: a sudden death or a planned one?
When I arrived in 2005 inflation was around 3%, Nestor was in power, the country was recovering well after the 2001 crisis, I had Amazon orders delivered to my door without all the bullshit Nazi import/customs procedures and you could have a meal for two including a bottle of wine for $50.
It all began to go downhill in 2007 when CFK became president and she zeroed in on the farmers and middle classes.
I actually thought he was okay. However it seems the reason inflation was low during his term was because he was 'cooking the books'.
When I arrived in 2005 inflation was around 3%, Nestor was in power, the country was recovering well after the 2001 crisis, I had Amazon orders delivered to my door without all the bullshit Nazi import/customs procedures and you could have a meal for two including a bottle of wine for $50.
It all began to go downhill in 2007 when CFK became president and she zeroed in on the farmers and middle classes.
Our memory was that in 2005 we could have a meal for two with wine for $50, but that in 2006 the same meal was $70-75. Remembering wrong? Perhaps the exchange rate was worse in 2006 and accounted for the difference?
Quite soon after Kristina took over, inflation became rampant.
Uhm... Néstor: a sudden death or a planned one?
Quite sudden, as I recall. At the time, there was whispered talk about Maximo….
There is still talk that it was the mother or the son or maybe both.
I SUSPECT FOUL PLAY....
I keep returning to the above-explained concept of “unanchored expectations,” which I’m now experiencing when shopping in in the US, with the unaccustomed single-digit inflation. Added to the increased prices, there’s an accompanying downsizing of volume or quantity, called “shrinkflation.” The combination is often sequential, i.e., a 32-oz jar of mayonnaise becomes 28 ounces (cleverly repackaged to look like the same size, but with a deeply indented dottle in the bottom, to displace the missing 12% of product), then months later, the price also increases.
The net result of inflation-driven higher prices added to trickery-driven smaller quantities is that I suddenly have only a general idea of what a certain product should cost, and whether its cost is proportional. I always experience this ‘unanchored expectation’ in Argentina because from month to month, prices can change dramatically.
I first became aware of this practice in the UK many years ago with tobacco products. So I was used to it by the time I came to live here where examples of which can be seen everywhere. Bags of dried dog food are worth a watching. The 20kg bag which states 2kg free is especially misleading as it still contains 20kg.
I'm in the strange habit of putting old receipts into books that I'm reading, so as it happens, they can be useful reminders of times past.
This one is from the local Chinese in April 2015 where I bought a bag of milk for $15, Cepita Multifruta for $14 and probably some cheese and bread in the other section.
That milk is now $139 and the Cepita Multifruta $190, so the prices are approximately ten times+ what they were seven years ago.
My wife keeps all receipts....I gave up telling her to bin them years ago. Due to the way things work here though I now understand why she does. Ones more than a year or two old is a bit OTT though.
Good grief: ten times more in 7 years?
Do any of you remember what were the very first things you cut back on, downgraded, or cut out altogether, when you had just been in Argentina for a year or two and first experienced double digit inflation?
We do far fewer asados that we used to. Meat has skyrocketed in price and a small bbq for four now costs thousands when you include everything.
Good grief: ten times more in 7 years?
Do any of you remember what the very first things you cut back on, downgraded, or cut out altogether, when you had just been in Argentina for a year or two and first experienced double digit inflation?
The only thing I've stopped buying is English imported pipe tobacco. When we came to live here English pipe tobacco worked out around 2/3 the price that it was in the UK. Soon as the K woman raised taxes on imported goods the price shot up so much that it now costs around 35% more than in the UK. I now just buy Argentine brands. Which to be fair are pretty good but lack in variety.
Does anyone remember the FIRST things you cut back on, all those years ago, when double-digit inflation crept in?
The only thing we don't do as often as we used to do is eat out. A mixture of eating places closing down due to the pandemic and us preferring to cook at home. Plus the quality of food no longer matched the prices they wanted to charge.
The only thing we don't do as often as we used to do is eat out. A mixture of eating places closing down due to the pandemic and us preferring to cook at home. Plus the quality of food no longer matched the prices they wanted to charge.
Yes, I forgot about eating out, which is something we very rarely do now. Arm and a leg territory.
Our lifestyle here has changed over the years more through us getting older than anything else. In other words we really can't be arsed socialising as much as we used to especially in winter. When we come home in the evening we can lock the door, pour a drink,eat when we want and relax. Most of our frends feel the same way.
I'll just leave this here...
