Yippee!
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October inflation was 6.3% and reached 88% in the last 12 months.
Inflation in Argentina
There are 365 replies in this Thread which has previously been viewed 15,351 times. The latest Post () was by Splinter.
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At least countries who usually have a stable economy can blame Covid and the nutter Yeltsin. Argentina have fuck all to blame but themselves!!
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Yeltsin? Um, Putin, maybe?
Indeed.
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Inflation in the US is a fraction of that in Argentina, yet in last week’s elections, there were people willing to vote for autocratic candidates rather than the incumbents whom they blame for inflation. Can’t imagine the reaction if the US had Argentina’s inflation rate. Or, for that matter, even the rates EU countries are experiencing.
I think I might have mentioned this before (BICBA to go and check) but whilst the numbers are small, I think the emotional effect is very different. So, Argentina's prices this year are double what they were last year which were double what they were the year before? (Shrug) That's the way it has always been. The UK has had inflation in the 2% region for years and years - it even dipped negative for a month or two a while back so the current 10.6% rate of inflation is five times more than people are used to and that seems scary. I can imagine the same sort of reaction to inflation in the USA: it's not rational but human beings as a whole seldom are.
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However the US and the UK take inflation seriously. Argentina don't give a fuck!!
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December's figures were published yesterday, coming in at 5.1% for the month.
94.8% for the year!!! Clearly, the government will be happy they kept it below 100%.
Still, we were only the 4th "best" in the world...Venezuela thrashed us with a massive 305%
Zimbabwe came second with 244% and Lebanon got the bronze with 142%
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We didn't get gold then?
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We didn't get gold then?
World Champions in football ....a poor 4th place in the Inflation Derby....
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The tobacco I buy has now been reduced in size from 40g to 30g and when I mentioned this at Tabaqueria Inglesa in Microcentro, they came up with a wonderful explanation:
"Yes, but the price hasn't gone up has it?"
So I said I was getting less for the same price but got the same reply.
The next week, the price went up by $100.
Twisted logic of Argentina.
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Out of the mouths of idiots...
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A collective psychosis.
I must confess that I am obsessively asking to my US-based providers if their prices are the same as in 2022, and I am very surprised when they reply "yes". Argentina's state of mind!
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Just back from the monthly haircut and for the 4th month in a row it's up 100 pesos.
But at 1300 pesos for a short back n sides, I shouldn't be moaning.
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Just back from the monthly haircut and for the 4th month in a row it's up 100 pesos.
But at 1300 pesos for a short back n sides, I shouldn't be moaning.
Got mine done last week...up to 1400 now. I go every three months though.
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I’m thinking of the neighborhood barber my husband started going to in 2005, when I believe the cost was an amazing 2 pesos. (At that time, just a bit over US $5)
I’m thinking that today’s 1400 pesos represents less than US $4. Great for people who earn in pesos, but a mind-numbing increase for Argentines over the past 18 years.
Only great for those earning in dollars surely?
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