Inflation in Mexico
Lately El Imparcial has had many articles about the excessive inflation. Sonora is the hot dog capital of Mexico. A steamed bun with one or 2 weibies is stuffed full of onions, tomatoes, chilis, mayo ...
Forum Discussion
Talleyho69, when I was speaking earlier of inflation for Mexican citizens, the following is what I meant:
1 Mexican peso in 2002 for the same goods and services will require 2.17 pesos in 2021 for the same goods and services.
1 Canadian dollar in 2002 for the same goods and services will require $1.41 Canadian dollars in 2021 for the same goods and services.
1 US dollar in 2002 for the same goods and services will require $1.54 US dollars in 2021 for the same goods and services.
So, the winner (which currency holds its value better than their neighboring countries) is Canada.
If we keep just printing currency to keep up with inflation (with no value to back it up), we might as well use it to wallpaper our bathrooms!!
1 Mexican peso in 2002 for the same goods and services will require 2.17 pesos in 2021 for the same goods and services.
1 Canadian dollar in 2002 for the same goods and services will require $1.41 Canadian dollars in 2021 for the same goods and services.
1 US dollar in 2002 for the same goods and services will require $1.54 US dollars in 2021 for the same goods and services.
So, the winner (which currency holds its value better than their neighboring countries) is Canada.
If we keep just printing currency to keep up with inflation (with no value to back it up), we might as well use it to wallpaper our bathrooms!!
