Poverty in Argentina reached 52.9% of the population in the first half, a sharp increase of 11.2 percentage points compared to the same period in 2023, the statistics agency Indec reported this Thursday.
In the first half of the year, which coincided with the first months of the ultraliberal president’s vigorous adjustment policy Javier MileyPoverty also rose 6.2 points to 18.1%, in a country of 47 million people.
Indec calculates poverty by comparing household income to the total cost of the basic basket, which includes food and other goods and services such as clothing and transportation and in the first half amounted to about $240.
Presidential spokesman Manuel Adorni said before the data became public that the index reflected “the harsh reality that society is experiencing” and blamed “the populism that has doomed Argentina to years of misery and destruction” for the results. .
Argentina’s GDP fell 1.7% in the second quarter of this year compared to the previous quarter, deepening the economic recession.
These figures represent one of the highest inflation rates in the world, at 236.7% in the 12 months to August.
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