19naia wrote:It can't be that bad considering how cheap it was 2014. Lima was always more expensive in the more developed areas but thats true for any country's commercial capital.
Has the $2 menu gone up to $3 now? Or is it closer to $5 now?
The US dollar is up and the British Pound has been down. Is it the British expats saying its expensive now or is it all around more expensive?
I was in Trujillo area back in 2013-2014 with $2 menus or $5 menu at some restaurants in the resort areas.
Stayed in a decent hotel for under $250 a month. Found the same in Ecuador.
Even if its up an extra dollar for food at restaurants and up to $300 for the same hotel, its not so bad except maybe for the average local family. I see the exchnage rate is up in favor of the dollar, so maybe prices are following that.
I may be coming back to Peru and Ecuador possibly next year or the year after, i have several destinations on the list and not sure what order they will go over the next 2 years of 1 or possibly 2 destinations a year.
Anyway, i gave up on the expat dream and rather just travel every year to a destination for the winter half of the year and do the summer half of the year in the US. As soon as i got back from Peru in 2014, i knew i was done with the expat dream and decided to dig in and invest at home in US here and business has been good so far while i am still free to travel half the year and still grow income wise and savings towards being able to afford extended modest stays in any country. I will probably keep up the travel pattern of half in the US and half in other places. This year i am staying in the US for the winter but heading way south where its warm.
I was in Africa last winter and did 5 countries while there, and they are all having price increases since then ,but the exchange rates for the $ have also increased to favor the dollar. I was in Central America in 2012-2013 and i see the exchange rate there has also gone up since, and I bet prices have too. It comes close to balancing out in most cases. One country in Africa where i stayed, has seen the dollar go up so high that it by far outpaces local goods inflation, so even though its more expensive there for locals, the dollar gets over 50% more in local currency than when i was there. it went from $1 to 2 all the way to $1 to 3.45 but fluctuates between 3.1 and 3.45 in any day. The place was always overpriced before, so this was bound to happen after the inevitable economy collapse.
Then there is the Expat effect that causes inflation just because most Expats pay more and charge a higher premium for their property investments and other businesses. They create a trend that drives the prices up in their sector of the market and slowly it seeps into the rest of the economy and it ends up bad for locals in various other niches of the economy. Panama is a good example of this and being that they use the US dollar as their currency, they don't have a local currency to adjust for offsetting. When local wages don't keep up, things get bad for every one. Crimes targeting expats increase and so on. Its old news that Panama and Costa-rica prices are way up -its almost easier now to stay in the US unless you like a simple rustic small town living or a jungle lifestyle. Its easy to live in a small town in USA with $800-$1200 a month and have a better overall safety net and state of surroundings and ammenities. Some Americans in small towns live off of less than $800 a month and usually share with a family member. Welfare benefits and charity organizations help them in most cases. Safety nets.
I will keep up on things to see what to expect whenever i come that way again. It would be nice to see examples of pricings before and after when explaining how expensive things have gotten, otherwise i am left with imagining anything like arriving and falling into unexpected destitution or arriving and having to fork over more than i budgeted for.