Wasn't sure which forum to put this question in but here goes...
Heading to Argentina next month and something struck me when reading about the country.
During the economic crisis of 2001 when the currency was devalued greatly, i have read that inflation was ridiculously high at over 20% if not higher.
My question is, if inflation was so high (seems to still be higher than say Ireland), how is it so cheap?
i.e. if prices are said to be increasing, how is it so cheap?
thanks for reading a not so important question.
k.