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
charlestonsouthern wrote:
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!!
Yes, makes a wild difference between citizens who are presumed to have their wealth and income in the local currency vs a foreigner who presumably has most of the wealth in their home currency.
Currently in Istanbul and inflation is running 20%+ this year but it's dirt cheap for us because the Dollar is up over the Lira by around 75% over the same time period.
