Argentines Offer to Fight Inflation to the US

In the US consumer price index since 1990 fastest annual increase was followed, thus the USA inflation peak lived. Argentines, who are trying to fight the high inflation rate in their country, give the Americans a fight against inflation. it might work made some suggestions.

These methods, which the Argentines developed themselves to cope with the 50% inflation rate, and which shape their daily habits, may be associated with the 6.8% inflation rate of the Americans. to the struggle can contribute. Let’s take a look at the dos and don’ts according to the Argentines.

Spend your salary now

Money in the bank in a hyperinflationary economy each day losing value. That’s why so many Argentine citizens return their paychecks. as soon as you receive it will keep in the freezer but will last for weeks food shopping doing. Federico Pieri, 30, who works in the sales department in Buenos Aires, the capital of Argentina, “Don’t leave your money under the couch, that’s the worst thing you can do” says.

borrow a lot

If you can afford a sofa, get it now or else from borrowing don’t hesitate. If you can get a loan at a rate below inflation, you can borrow money to cover especially large purchases. Inflation in the future to be repaid will make it easier. Fernando Iglesias Molli, owner of a coffee shop, “Get money at very low rates. best equipment Purchasing and to create job opportunitiesI am indebted to China” said.

Negotiate a salary increase

Any increase in your salary that is less than the inflation rate is a de facto salary cuts It means. As your purchasing power decreases, your real wage decreases. Argentina’s labor unions and companies are the annual workers affected by expected inflation. wage increases bargains for.

Invest in inflation

In an economy dominated by high inflation, there are several good options for savers. Argentines’ favorite savings trick converting earnings into dollars. This is not a method that can be used in the USA, but instead many citizens in the USA cryptocurrency can take.

buy house and car

Another method of countering inflation is the inflation trend, which tends to increase in value over time. real estate and car is to buy. Lawyer Marcos Lalanne, 29, “Buy something. with inflation will keep its value There are things.” says.

Lalanne offers one last piece of advice for Americans who are having a really hard time with rising prices: “To Argentina spend your dollar Come for. You are very rich here.”