Thursday, September 26, 2019

Here’s How Argentine Grocery Prices Were Affected by the 2019 Primary Elections

The value of the Argentine peso has been a recurring topic in my blog over the years. But things have gotten pretty bad since the 2019 primary elections. I've been monitoring how the Argentine peso has continued to lose its value. For the moment, it has been fluctuating between 55 and 59 Argentine pesos per USD.

The Value of the USD in Argentine Pesos Over the Years
I wanted to share this updated list of what one USD is worth per Argentine pesos since we moved here in 2012.

  • On December 31st, 2012, the cost of one US Dollar in Argentine pesos was: 4.90
  • On December 31st, 2013, the cost of one US Dollar in Argentine pesos was: 6.51
  • On July 29th, 2014, the cost of one US dollar in Argentine pesos was: 8.19
  • On December 24th, 2015, the cost of one US Dollar in Argentine pesos was: 12.97
  • On June 19th, 2016, the cost of one US Dollar in Argentine pesos was: 13.89
  • On June 13th, 2017, the cost of one US Dollar in Argentine pesos was 15.90
  • On September 26, 2017, the cost of one US Dollar in Argentine pesos was 17.90
  • On May 13, 2019, the cost of one US Dollar in Argentine pesos was 45.52
  • On September 26, 2019, the cost of one US Dollar in Argentine pesos is 57.17

Here's my pricing comparison list for September 2019!
In 2013, a bag of Doritos cost 20.19 Argentine pesos. But now it's 60 Argentine pesos ($1.05 in USD).
In 2013, a bottle of Heineken was worth 21.85 Argentine pesos. But now it's 106 Argentine pesos ($1.86 in USD).
In 2013, a box of Rex crackers (They're like generic Ritz) cost 7.99 Argentine pesos. But now it's 82.99 Argentine pesos ($1.46 in USD).
In 2013, Maruchan Instant Lunch Soups cost 9.99 Argentine pesos. In March 2019, the price was at 76.99 Argentine pesos ($1.35 in USD).
But in September 2019, the price went up to 94.99 Argentine pesos ($1.67 in USD)

Before I continue, you're all probably thinking. "Oh, what's the big deal? It's only about 30 cents extra. Yes, that's true. No one would break a sweat over a 30 cent mark up in the States. But when your finances are solely dependent on the Argentine economy, the price hikes in pesos do a lot of damage to people's pockets and bank accounts.
In 2013, Hellman's Mayonnaise cost 10.59 Argentine pesos. In September 2019, the price was at 55.00 Argentine pesos ($0.96 US Cents)
In 2013, Quaker Oatmeal cost 12.99 Argentine pesos. In March 2019, the cost was at 95.99 Argentine pesos ($1.68 in USD).
But in September 2019, the price WENT DOWN to 87.99 Argentine pesos ($1.54 in USD).
In 2013, Quaker Oatmeal cost 8.65 Argentine pesos. In March 2019, the cost was at 42.49 Argentine pesos ($0.74 US Cents).
But in September 2019, the cost went up to 56.00 Argentine pesos (($0.98 US Cents).
 In March 2019, the cost of Pringles Tortilla Chips was at 132.99 Argentine pesos. But in September 2019, the price went up to 147.50 Argentine pesos ($2.58 USD).
In March 2019, the cost of La Lacteo brand milk was at 50.99 Argentine pesos. But in September 2019, the price was actually lower at 44.99 Argentine pesos. And there was a special sale, so the cost went down to 37.90 Argentine pesos ($0.66 US Cents).
In 2016, the cost for a Kit Kat bar was at 15.99 Argentine pesos. But in September 2019, the cost went up to 87.99 Argentine pesos ($1.54 USD).

Whether the Argentine economy will see better days if a new president is elected remains to be seen. But I for one hope that it does for everyone's sake. I've noticed that the number of people going out of business is climbing and so are the number of homeless people on the street.

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