
Last year I wrote up a detailed post on
The Ugi's Index. It's sort of a local version of the Economist's Big Mac Index which tracks the price, in dollars, of Big Mac's around the world as a means of comparing currencies and price levels in different countries. The Ugi's index is more a means of tracking the Argentine inflation and relating it back to dollars by using a single, iconic item; the Ugi's pie. Recently inflation has been accelerating and stories of skyrocketing beef prices have been all over the news.
In January Ugi's raised their price from 12 pesos to 14 but recently they've rolled back to 11.99 pesos. Here's my tracking spreadsheet updated with two more entries for this January and currently. In fairness, tracking the price of an Ugi's pizza in constant 2000 dollars is a little silly as the price of inputs like cheese and flour fluctuates wildly with overall commodity prices.
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. | Date | Price in Pesos | Exchange Rate | Price in Dollars | CPI Deflator | Constant 2000 Dollars | % Change since 2000 |
. | 1/1/2000 | 2 | 1 | $2 | 1 | $2 | - |
. | 1/25/2004 | 3.5 | 2.98 | $1.17 | 1.1 | $1.07 | -46% |
. | 9/4/2006 | 4.8 | 3.1 | $1.55 | 1.17 | $1.32 | -34% |
. | 2/1/2008 | 6.9 | 3.16 | $2.18 | 1.25 | $1.75 | -13% |
. | 3/1/2008 | 8 | 3.17 | $2.52 | 1.25 | $2.02 | 1% |
. | 4/1/2008 | 10 | 3.17 | $3.15 | 1.25 | $2.52 | 26% |
. | 3/1/2009 | 12 | 3.65 | $3.29 | 1.23 | $2.67 | 33% |
. | 1/15/2010 | 14 | 3.86 | $3.63 | 1.24 | $2.91 | 46% |
. | 3/1/5/2010 | 11.99 | 3.89 | $3.08 | 1.24 | $2.48 | 24% |