and yeah mostly what I'm talking about is cost of living, but the thing is it kind of manifests as the prices of things in ARS changing ~slowly* while the exchange rate can change much more quickly. It *feels like* everything costs the same but suddenly USD became more valuable.
*well, we have absurd amounts of yearly inflation compared to most other countries. so 'slowly' is not really true relative to how it would happen in a country with single-digit inflation. but it's still slower than some of the bigger fluctuations in exchange rate
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branchandroot
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Date: 2019-08-06 01:41 pm (UTC)and yeah mostly what I'm talking about is cost of living, but the thing is it kind of manifests as the prices of things in ARS changing ~slowly* while the exchange rate can change much more quickly. It *feels like* everything costs the same but suddenly USD became more valuable.
*well, we have absurd amounts of yearly inflation compared to most other countries. so 'slowly' is not really true relative to how it would happen in a country with single-digit inflation. but it's still slower than some of the bigger fluctuations in exchange rate