Change since 2007?

[Xen2002]

Hi guys,

How have prices changed since 2007? Ie is the 30% inflatin a reality.

Please let me know what it costs to:

1) Eat out (non-tourist location)

2) Buy a beer in a bar and club.

2) Rent a 3 bedroom apartment in Palermo / Recoleta.

Thanks in advance

[Wild Walleye]

Xen:

While there has been inflation during this period, that is not the only factor that you should consider. You should also take into consideration the impact of inflation, Argentina's monetary policies and country risk and how these factors have impacted foreign exchange prices.

An example for you. At 1707 Ste Fe in 2007 a half hour was AR$70, today it is AR$150 for 30 mins for a whopping 114% increase, over 3+ years. During that same period, the peso:dollar relationship has gone from 3.08 to 3.90 so the relative US dollar price has gone from US$22.72 to US$38.46 for 30 mins of fun. That is a 69% increase over three years.

That said, I think it is still a deal.