Argentina/Sharp rise in poverty
![The figures come on the back of three years of recession, worsened by economically devastating lockdown measures [Agustin Marcarian/Reuters]](https://liberties.aljazeera.com/media/2024/09/1727338489.webp)
The figures come on the back of three years of recession, worsened by economically devastating lockdown measures [Agustin Marcarian/Reuters]
Argentina’s government is set to release the 2024 first-half poverty rate figures, with a recent independent study estimating the poverty rate at 57%, the highest in over 20 years, affecting 27 million Argentines.
Soaring inflation, which reached 236.7% in the 12 months through August—the highest rate globally—has driven the sharp rise in poverty.
As basic costs continue to surge, a kilogram of potatoes now costs $1.33, according to INDEC, marking a 40% increase from just a month ago, with similar spikes in prices for meat, dairy, and household items like soap.
Al Jazeera.
Escalating Poverty and Power Shortages in the World’s Poorest Countries
The twenty-six nations classified as the poorest, which are home to 40% of the world’s most destitute people, are experiencing their highest levels of debt since 2006.
Stand Up Against Poverty and Inequality: COSATU’s Protest Against Economic Hardship
Protesters in Johannesburg are expected to march to the stock exchange in Sandton.
- Most Viewed
- Most Popular
Our Network
Our Channels
© 2024 Al Jazeera Media Network. All rights reserved.