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Best currency in Argentina amid 100% inflation may be Taylor Swift tickets
No central bank price-suppression operation is underway in that respect.
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Taylor Swift Argentina tickets are a bargain with inflation over 100%
By Patrick Gillespie and Augusta Saraiva
Bloomberg News
Friday, June 2, 2023
Taylor Swift tickets may cost a fortune in the United States, but 100% inflation in Argentina is about to make her highly coveted concert a world-class bargain.
Excluding fees, tickets in the standing-room only area closest to the stage where Swift will sing for two shows in November are going for 75,000 pesos, or about $153, according to commonly used informal exchange rates in Argentina.
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The ticket bargain has already sparked a social media frenzy. And just as the high U.S. ticket prices are giving fans a lesson in supply-and-demand, her newly announced Latin American tour adds to the Swiftonomics syllabus the subjects of high inflation and exchange rates.
So much so that some American fans are weighing the cost of a full trip to a Latin American city against the price of a single resale ticket in the U.S. ...
... For the remainder of the report:
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