Friday, February 24, 2012

The Cost of Living is Going Up

It should come as no surprise that the cost of living is going up. After all, inflation happens. Yet the problem with Peru is that it IS a third world country. You either have to fight the idiots on the combis or get a crazy taxi or your own car. There's no middle ground.
  • Housing costs are going up and that bubble's going to burst soon.
  • Transport fares are on the rise as well.
  • Food is getting more expensive.
  • Seems like the only thing that's not going up is salaries.
Unless you've been living under a rock, you know that the dollar's buying power is slipping away while the sol is getting strong. I hear people moaning and groaning about this a lot. While I understand that the dropping dollar is problematic, I think that people in Peru need to move away from the dollar and have more faith in their own currency.

Historically, the sol has had lots of issues. After all, this is the nuevo sol, the old sol is worthless. You had to bring bucketfuls of sols just to buy milk in the 90s. However, times have changed. If people in Peru want the sol to remain strong, they need to start saving in their own currency. The dollar may be the official currency of Ecuador, but it's not in Peru.

One tip to remember is that speaking Spanish will help you greatly. You'll be treated differently than if you speak English all the time, it'll help you assimilate to Peru, and it'll get you cheaper prices. If you're looking to learn Spanish, check out Fluenz Spanish, Rosetta Stone, and Synergy Spanish.

The Ultimate Peru List recommends:


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