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Under Argentina’s New President, Fuel Is Up 60%, and Diaper Prices Have Doubled (www.nytimes.com)

submitted 2 years ago by [email protected] to c/[email protected]

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[–] CareHare 5 points 2 years ago* (last edited 2 years ago) (1 children)

If a coin gets devaluation, everything else to the coin becomes more expensive, so yes.

For example: If 100 pesos was worth 1 euro, but through devaluation 200 pesos is now 1 euro, an Argentinian would have to pay up double the amount for the same thing in euro's. So international import is hard because everything from all over the world just got so much more expensive, but export 'should' be easy, because all your domestic products are worth so much less to produce.

I think fossil fuels and diapers just got even more expensive than that, but I don't know why. (I'm bad at economics)

[–] freebee 3 points 2 years ago

If fuel was subsidised, it could be because it gets hit twice: general rising (import) prices + subsidies cut, while some other products might only feel the general rising prices.