The price of an Ugi's pizza is now up to 19 pesos. Back in 2000 it was just 2 pesos so we've almost reached an order of magnitude increase. That said, the increase from last year's price of 16 pesos is 19% which lags the overall inflation rate said to be running about 25% annually. For now, the peso continues to be devalued against the dollar at a rate much slower than the local inflation, making Argentina ever more expensive in dollar-terms. This probably isn't sustainable forever but as long as the Chinese keep buying soy beans things should work out OK.
This is an update to a little series I have running, inspired by The Economist's Big Mac Index. Basically I'm just measuring Argentina's inflation rate using a single product; Ugi's Pizza. See my previous posts on the Ugi's Index.
This particular outlet of Ugi's is on Chacabuco and Carlos Calvo in San Telmo.