Mexico is not as cheap as it once was, despite the instability of its currency. Although, in general, costs are lower than you'll find at home, compared with the rest of Central or South America, prices here can come as something of a shock.
In the long term, the NAFTA free trade treaty with the US and Canada can probably be expected to keep costs (and, one hopes, wages) rising, though prices will fluctuate somewhat as the peso goes down against the dollar, and inflation moves in to fill the gap. As the peso is so unstable, all prices in the guide are quoted in US dollars; be aware, however, that these will be affected by unpredictable factors such as inflation and exchange rates. Latest developments and your own common sense will determine how you apply them.
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