Given Inflation in Argentina, What is the price of a coke today?
Replies: 10 - Last Post: Mar 3, 2013 9:09 AM Last Post By: mathslover
Jan 29, 2013 3:45 PM
Given Inflation in Argentina, What is the price of a coke today?Given the high rate of inflation that Argentina has been experiencing over the past few years, what is the price of a bottle of coke at the local convenience store today in Argentinian Peso? (350ml type size).
The currency has moved a lot since I last visited but I think the inflation has moved significantly as well. I am trying to see if the cost of living is cheaper than I last visited in 2006.
Jan 29, 2013 7:30 PM
1I´m not sure what the current cost of a can of coke is in Argentina today (it varies a hell of a lot anyway), but I can assure you the cost of living is a hell of a lot higher than it was in 2006.
Jan 30, 2013 6:10 AM
2I live in argentina, the 350ml bottle doesn't exist anymore, but for example a bottle of 2,5 litre are around 13 to 15 pesos and a 600ml bottle 8 to 10 pesos, a hamburguer in mc donalds 40 to 50 pesos (big mac i.e), the dolar today is pretty expensive for us, good for tourist, 1 dollar 4,98 pesos (official) and the blue dollar (for tourists) 7,50 only if you change your money in change houses, hope you help :D.
Jan 30, 2013 7:00 AM
3If you last visited Argentina in 2006 you've got to be prepared for a major shock.
In 2006 Argentina was a cheap destination. It isn't anymore.
Jan 30, 2013 7:09 AM
4What is Argentina's annual deficit as a percent of their GNP? I doubt anyone would buy AR government bonds, so Kirchner must be printing a lot of pesos.
Jan 30, 2013 12:58 PM
Jan 30, 2013 1:20 PM
6There is a significant gap between the official exchange rate and the black market rate, which shows the problems of the economy.
A large bottle of water (1.5 or 2 liters) is between 6 and 15 ARG$ (pesos), which equals 0.75 / 0.94 Euro and 1.9 / 2.34 Euros depending on your exchange rate. The large price span reflects the different possible shopping locations :-)
Jan 31, 2013 5:22 AM
Jan 31, 2013 5:56 AM
8The difference between 2006 and now is that six years ago there was no black market. The exchange rate was 3 Pesos for 1 US$. Today it's 5 pesos for 1 US$ and black market gives upto 25% better rate.
During my trip in 2005/2006 I could have a nice two course dinner with a bottle of red for 30 pesos (US$ 10). I paid for a single room with bathroom at a hostel or budget hotel about the same.
Jan 31, 2013 7:01 AM
Mar 3, 2013 9:09 AM
10You're comparing 2006?
You're in for a shock then.
I last visited in 2011 and a bus trip from Iguazu to La Plata cost me 494 pesos (I still have the ticket stub). Yesterday on the same bus company's website the same trip on the same class seat is going for 750 pesos. Convert both figures back to USD on the prevailing exchange rates in both years and see the difference.
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