Argentina's poverty levels hit 57% of population, a 20-year high in January, study finds
10 months ago

Argentina's poverty levels hit 57% of population, a 20-year high in January, study finds

The Hindu  

Poverty levels skyrocketed to 57.4% of Argentina's 46 million people in January, the highest rate in 20 years, according to a study by the Catholic University of Argentina. The UCA's social debt observatory is considered an independent and prestigious research space whose reports on poverty cover a larger geographical area than those conducted by Argentina's national statistics agency INDEC. According to the Centre's latest report, the increase in poverty levels in January was partly due to the devaluation of the Argentine peso applied by Mr. Milei government shortly after taking office on December 10. She said that, starting in 2018, “with a debt in dollars and the return of the IMF, we went backwards.” The reality presented by the study, Fernández de Kirchner said, “shows that today we are worse off than in 2004.” The government responded to Fernández de Kirchner asking her to “be silent.” Presidential spokesman Manuel Adorni said on Monday during his daily press conference, that the former President is “one of the most relevant figures in the last 20 years of Argentina's decline”.

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History of this topic

Argentina's poverty levels hit 20-year-high in January, says a private study
10 months ago

Argentina's poverty levels hit 20-year-high in January, says a private study

Hindustan Times  

BUENOS AIRES, Argentina — Poverty levels in Argentina skyrocketed to 57.4% in January, the highest rate in 20 years, according to a study by the Catholic University of Argentina released over the weekend. HT Image The study quickly unleashed a series of accusations between Argentina’s former Vice President Cristina Fernández de Kirchner and the government of President Javier Milei, who …

Argentina’s poverty levels hit 57% of population, a 20-year high in January, study finds
10 months ago

Argentina’s poverty levels hit 57% of population, a 20-year high in January, study finds

Associated Press  

BUENOS AIRES, Argentina — Poverty levels skyrocketed to 57.4% of Argentina’s 46 million people in January, the highest rate in 20 years, according to a study by the Catholic University of Argentina. The findings quickly unleashed accusations between Argentina’s former Vice President Cristina Fernández de Kirchner and the government of President Javier Milei, who came to power announcing a series …

Argentina’s annual inflation soars to 211.4%, the highest in 32 years
11 months, 1 week ago

Argentina’s annual inflation soars to 211.4%, the highest in 32 years

Associated Press  

BUENOS AIRES, Argentina — Argentina’s annual inflation soared to 211.4% in 2023, the highest rate in 32 years, according to figures released Thursday by the government’s INDEC statistics agency. Milei had said in an interview with a Buenos Aires radio station before the figures were released that if the monthly inflation rate came in below the forecast, that would be …

Argentina’s Milei starts shock therapy by devaluing peso by 50 percent
1 year ago

Argentina’s Milei starts shock therapy by devaluing peso by 50 percent

Al Jazeera  

New president Milei warns of painful measures as currency value slashed, subsidies cut, public works tenders cancelled. Argentina’s government has announced it will slash the value of its currency, the peso, by more than 50 percent against the US dollar as its new far-right president seeks radical solutions to fix the country’s worst economic crisis in decades. President Javier Milei‘s …

Rising poverty grips Argentina as runaway inflation takes its toll
1 year, 2 months ago

Rising poverty grips Argentina as runaway inflation takes its toll

Associated Press  

BUENOS AIRES, Argentina — With tired faces, residents of a homeless shelter in Argentina’s capital pass through the main entrance and line up to receive a hot drink and a slice of cake for an afternoon snack. The portion of Argentines living in poverty reached 40.1% in the first six months of the year, according to figures released Wednesday by …

Inflation in Argentina leaves families struggling to feed themselves
1 year, 7 months ago

Inflation in Argentina leaves families struggling to feed themselves

Associated Press  

BUENOS AIRES, Argentina — Gimena Páez could barely pay her bills. On Friday, Argentina’s state-run INDEC statistics agency said that the inflation in food prices over the 12 months ending in April was 115%. “The rope is very, very tight.” Consumer prices in Argentina soared 8.4% in April from the previous month, while food prices increased 10.1%, the INDEC said …

Food or medicine? Inflation squeezing retirees in Argentina
1 year, 8 months ago

Food or medicine? Inflation squeezing retirees in Argentina

Associated Press  

BUENOS AIRES, Argentina — With trembling hands, the bingo players at a Buenos Aires retirement center put the buttons they use as markers on their cards. She added quietly: “I did something I’d never done in my life: I asked for free medicine … nothing else can be done.” Monthly inflation was 7.7% in March, up from 6.5% in the …

High inflation pushes poverty rate even higher in Argentina
1 year, 8 months ago

High inflation pushes poverty rate even higher in Argentina

Associated Press  

BUENOS AIRES, Argentina — One of the world’s highest inflation rates is making it more difficult to make ends meet in Argentina, where at the end of last year nearly four of every 10 people were poor, official figures revealed Thursday. Poverty increased to 39.2% of the population in the second half of 2022, a three percentage point increase from …

Inflation in Argentina surges past 100 percent in historic spike
1 year, 9 months ago

Inflation in Argentina surges past 100 percent in historic spike

Al Jazeera  

The country’s inflation has not surpassed 100 percent in over three decades, as value of Argentina’s currency plummets. Inflation in the South American country of Argentina has risen past 100 percent for the first time since 1991, according to the government’s latest consumer price index. The National Institute of Statistics and Census released its February report on Tuesday, pinpointing Argentina’s …

Argentina sees steep climb in poverty due to coronavirus
3 years, 8 months ago

Argentina sees steep climb in poverty due to coronavirus

Al Jazeera  

In the 31 large cities studied, the poverty rate rose from 40.9 percent to 42 percent within a year, official data shows. The economic fallout from the coronavirus pandemic has worsened poverty in Argentina, with some 12 million people in urban areas unable to afford a basket of basic food or essential services in the second half of 2020, official …

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