Under Argentina’s New President, Fuel Is Up 60%, and Diaper Prices Have Doubled
Javier Milei warned that things would get worse before they got better. Now Argentines are living it.
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Libertarians around the world like AKTCHUALLY this is good for Argentinians! Nobody being able to afford goods and services is the cornerstone of a healthy society! I am very smart!
Idk what you're talking about my guy. Pretty sure numbers going up is a good thing for the economy 🤷
Is everything more expensive, or just fossil fuels and disposable diapers?
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)
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.
Fossiel fuels are the base for the price of basically everything else. If gas is expensive, transportation costs are goi to be expensive and the products are going to reflect that.
