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The peso is like a runaway freight train going downhill without brakes.

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Post by David Sat Jan 23, 2016 6:41 pm

The Peso strengthened some in 2009/10. May 31, 2009 13.17, Jan 1, 2010 13.06, Dec 1, 2010 12.37 . Never the less, currency value is but one cause of inflation but it is not the sole driving force. Money supply, food costs, transportation and other costs factor in. Only in the most general terms can you say that there is a correlation. BTW, inflation in the USA in 2008 was 3.8 % not 0%. In those years, and up until recently, Mexico was directly causing some of its own inflation by the regular increases in gasoline/diesel and electricity.

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Post by Ojalero Sat Jan 23, 2016 7:43 pm

It is all like incest... relative.
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Post by Clete Sat Jan 23, 2016 10:47 pm

David wrote:The Peso strengthened some in 2009/10.  May 31, 2009 13.17, Jan 1, 2010 13.06, Dec 1, 2010 12.37 .  Never the less, currency value is but one cause of inflation but it is not the sole driving force.  Money supply, food costs, transportation and other costs factor in. Only in the most general terms can you say that there is a correlation.  BTW, inflation in the USA in 2008 was 3.8 % not 0%.  In those years, and up until recently, Mexico was directly causing some of its own inflation by the regular increases in gasoline/diesel and electricity.

My source has US inflation in 2008 at 0.09%. Funny you mention food costs as a inflation mechanism since Mexico imports 43% of its food which of course is paid for in US dollars, at the sell rate BTW.

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Post by David Sun Jan 24, 2016 7:51 am

All living costs contribute to the CPI. Your data on US inflation is suspect as it your assertion that Mexico imports 43% of its food. So, what's your point? Somehow Mexico is worse off than other countries that have experienced a 30-40% decline in their currency vs. the $US? Or what?
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Post by Clete Sun Jan 24, 2016 8:11 am

David wrote:All living costs contribute to the CPI.  Your data on US inflation is suspect as it your assertion that Mexico imports 43% of its food.  So, what's your point?  Somehow Mexico is worse off than other countries that have experienced a 30-40% decline in their currency vs. the $US?  Or what?

I see. My data is suspect. I guess you don't keep up on current affairs of this country. And yes, a country that imports nearly one half of its food stuffs which will more than likely incur a price hike directly proportional to the exchange rate, will make Mexico worse off than others.

http://www.excelsior.com.mx/nacional/2013/05/05/897514

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Post by David Sun Jan 24, 2016 8:32 am

http://www.usinflationcalculator.com/inflation/current-inflation-rates/ US 3.8%
http://inflationdata.com/Inflation/Inflation_Rate/HistoricalInflation.aspx US 3.85%

Pls show something that shows 0.09

I don't deny that there is inflation as a result of currency decline, it's just not the only factor.
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Post by artsnob Sun Jan 24, 2016 9:15 am

What is the pesos rate today???

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Post by Clete Sun Jan 24, 2016 9:33 am

David wrote:http://www.usinflationcalculator.com/inflation/current-inflation-rates/  US 3.8%
http://inflationdata.com/Inflation/Inflation_Rate/HistoricalInflation.aspx   US 3.85%    

Pls show something that shows 0.09

I don't deny that there is inflation as a result of currency decline, it's just not the only factor.

No one ever declared it was the only factor. But there are charts all over the internet that will show whenever the peso loses value vs the usd inflation increases proportionally. And this is based on a long enough period of time that there is no way it can be considered coincidental.

Here is what you asked for:


This link has it even lower at 0.03%.

"Inflation rate based on 12-month change in CPI.  Jan 1, 2009  0.03%"

http://www.multpl.com/inflation/table


Last edited by Clete on Sun Jan 24, 2016 9:35 am; edited 1 time in total

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Post by Clete Sun Jan 24, 2016 9:34 am

artsnob wrote:What is the pesos rate today???

Markets don't open on weekends so the last rate is Friday's.

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Post by viajero Sun Jan 24, 2016 10:04 am

artsnob wrote:What is the pesos rate today???
Go to the (exchange rates) on the quickjump menu on this forum.


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Post by David Sun Jan 24, 2016 10:19 am

Clete wrote:
No one ever declared it was the only factor. But there are charts all over the internet that will show whenever the peso loses value vs the usd inflation increases proportionally. And this is based on a long enough period of time that there is no way it can be considered coincidental.

Here is what you asked for:

This link has it even lower at 0.03%.

"Inflation rate based on 12-month change in CPI.  Jan 1, 2009  0.03%"

http://www.multpl.com/inflation/table

It's NOT proportional, e.g. a 30% decline in currency value does not equate to 30% inflation.
Your link has the information which supports my assertion on 2008 inflation, simply look at the monthly amount for 2008, not the January 2009.
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Post by David Sun Jan 24, 2016 10:31 am

Canada imports three quarters of its fruit and vegetables......prices soar due to falling Loonie. Mexico is NOT alone.

http://www.zerohedge.com/news/2016-01-23/fruit-vegetable-prices-soar-canada-if-you-insist-eating-tomatoes-youre-going-pay-it
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Post by Clete Sun Jan 24, 2016 11:09 am

David wrote:
Clete wrote:
No one ever declared it was the only factor. But there are charts all over the internet that will show whenever the peso loses value vs the usd inflation increases proportionally. And this is based on a long enough period of time that there is no way it can be considered coincidental.

Here is what you asked for:

This link has it even lower at 0.03%.

"Inflation rate based on 12-month change in CPI.  Jan 1, 2009  0.03%"

http://www.multpl.com/inflation/table

It's NOT proportional, e.g. a 30% decline in currency value does not equate to 30% inflation.  
Your link has the information which supports my assertion on 2008 inflation, simply look at the monthly amount for 2008, not the January 2009.

Apparently you didn't understand the data in the link. Click on the "BY Year" link. The inflation rate for the 12 months leading up to JAN 1, 2009 was 0.03%. It could hardly be for the 12 months AFTER the first day of 2009.

A 30% decline in the value of the peso obviously doesn't mean a 30% inflation rate. It means a 30% increase in the inflation rate. Peso x .30, inflation x .30.


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Post by Clete Sun Jan 24, 2016 11:12 am

David wrote:Canada imports three quarters of its fruit and vegetables......prices soar due to falling Loonie.  Mexico is NOT alone.

http://www.zerohedge.com/news/2016-01-23/fruit-vegetable-prices-soar-canada-if-you-insist-eating-tomatoes-youre-going-pay-it

Has someone said they are alone? You are the only one that seems to be concerned with that. But that also goes to prove that the decline in currency value for a nation that imports a large share of its food will add to inflation. Thanks for further proving my point.

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Post by David Sun Jan 24, 2016 11:46 am

Clete wrote:
David wrote:
Clete wrote:


"Inflation rate based on 12-month change in CPI.  Jan 1, 2009  0.03%"

http://www.multpl.com/inflation/table

Apparently you didn't understand the data in the link. Click on the "BY Year" link. The inflation rate for the 12 months leading up to JAN 1, 2009 was 0.03%. It could hardly be for the 12 months AFTER the first day of 2009.

A 30% decline in the value of the peso obviously doesn't mean a 30% inflation rate. It means a 30% increase in the inflation rate. Peso x .30, inflation x .30.


Inflation for 2008 by month shows every month of 2008 to range from a low of 1 to a high of over 5.  Your claim of 2008 inflation of 0.09 is false.  Just do the math.  The number for Jan 2009 is clear but it's not for 2008.  Your assertion that currency decline % translates to =% of inflation is speculative at best.  Why not address all the things that Mexico has done on their own that have added to the inflation rate?  I ask again:  What is your point? (edited).  Adios.
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Post by Clete Sun Jan 24, 2016 12:38 pm

David wrote:
Clete wrote:
David wrote:
Clete wrote:


"Inflation rate based on 12-month change in CPI.  Jan 1, 2009  0.03%"

http://www.multpl.com/inflation/table

Apparently you didn't understand the data in the link. Click on the "BY Year" link. The inflation rate for the 12 months leading up to JAN 1, 2009 was 0.03%. It could hardly be for the 12 months AFTER the first day of 2009.

A 30% decline in the value of the peso obviously doesn't mean a 30% inflation rate. It means a 30% increase in the inflation rate. Peso x .30, inflation x .30.


Inflation for 2008 by month shows every month of 2008 to range from a low of 1 to a high of over 5.  Your claim of 2008 inflation of 0.09 is false.  Just do the math.  The number for Jan 2009 is clear but it's not for 2008.  Your assertion that currency decline % translates to =% of inflation is speculative at best.  Why not address all the things that Mexico has done on their own that have added to the inflation rate?  I ask again:  What is your point?  Sounds like whining to me.  Adios.

(edited). Adios is right.

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Post by Ojalero Sun Jan 24, 2016 4:57 pm

WTF do it matter?


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Post by Clueless Sun Jan 24, 2016 5:13 pm

Two weeks ago, I bought an item at the hardware store, $135.00.

Yesterday, I needed another, $152.00

And a lot of restaurants are very busy taping new/higher prices over the "old" prices.

And then of course, some pleces don't even price their items until you either take it for checkout or ask. That way the seller can tailor the price to the time/customer.
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Post by David Sun Jan 24, 2016 5:46 pm

Clueless wrote:Two weeks ago, I bought an item at the hardware store, $135.00.

Yesterday, I needed another, $152.00

And a lot of restaurants are very busy taping new/higher prices over the "old" prices.

And then of course, some pleces don't even price their items until you either take it for checkout or ask. That way the seller can tailor the price to the time/customer.

Last week I went to the hardware store in Chapala often referred to as the ACE hardware and bought 36 feet of sisal rope.  It cost $51 Pesos.  Two days later I went again an bought 66 feet of the same rope from the same clerk.  It cost $58 Pesos.  

Please name the "lot" of restaurants taping new prices in their menus. "Lots" would be more than a few, right? Maybe more than several? None that I go to have done that. Please tell us which ones.
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Post by CanuckBob Sun Jan 24, 2016 5:58 pm

Typically, prices go up on a lot of things January 1 regardless of any foreign currency exchange rate.
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Post by David Sun Jan 24, 2016 6:03 pm

The price of rope went down! I'm going to buy more!
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Post by Lady Otter Latté Sun Jan 24, 2016 6:14 pm

Oh, you guys are such spoil sports. How can the Chicken Littles keep chirping about how the sky is falling if you are going to keep talking like that?
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Post by Clueless Sun Jan 24, 2016 7:04 pm

I would say 2-4 times since the first of the year I have seen priced overwritten.

I don't make a note of them. I do know that "Hot Rod" in Bug Plaza made changes but didn't post them on the menu. I found this when I got a bill for more than the menu price. I was told they hadn't gotten to making the change.

As I said, I don't make a point to log the changes.

Sometimes I think there is little rhyme or reason to procing here.
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Post by David Sun Jan 24, 2016 7:45 pm

Two to four doesn't sound like "lots." As Bob said, many place change prices in January. I haven't noticed anything except the price of gasoline going down 3%.
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Post by David Sun Jan 24, 2016 7:46 pm

Lady Otter Latté wrote:Oh, you guys are such spoil sports. How can the Chicken Littles keep chirping about how the sky is falling if you are going to keep talking like that?

Facts. Chicken Little's have trouble with them.
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Post by Lady Otter Latté Sun Jan 24, 2016 8:26 pm

Reality bites, as they say.
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