First of all, thank you everybody for your comments. I agree that even with the higher prices, not only Argentina is still a good value but even beyond that, it is an amazing country; its people, the food, the night life, the good times, and the scenery/architecture.
Why is the Arg Peso still stronger against the dollar when the Euro, Brit Pound and most other currencies have depreciated is very interesting. Unless there is some government intervention, I suspect it is partly due to tourism, foreign investments and the continued high prices of commodities that are priced in US$. The last time the AR$ was very strong, the economy did not do very well but I think things are a bit different now.