An Argentine household needs a monthly income of at least 100,000 Pesos equivalent to US$ 781 at the official rate, (128 Pesos to the dollar) or US$ 454 (free market, 220 Pesos to the dollar) to remain just above the poverty line, according to the latest estimate from the government's Stats Office, Indec.
The latest data from Argentina's National Institute of Statistics and Censuses (Indec) show that the poverty index has reversed a meager 1.4 % during the first half of 2021.
Argentina's Consumer Price Index (CPI-Cost of Living) increased 3% in July, according to a report from the National Institute of Statistics and Censuses (Indec) released Thursday.
US Federal Judge Loretta A. Preska of the United States District Court for the Southern District of New York Tuesday ruled against Argentina and in favour of the plaintiffs with regards to the South American country's handling of the official figures upon which profits were to be measured for the bondholders.
Argentina's peso currency plunged further into record low territory after the central bank tightened currency controls. The peso opened almost 0.1% weaker at 75.25 per U.S. dollar, traders said, and the country risk rose 38 basis points to 1,157. The black market peso or blue dollar plummeted 9.7% to open at a new all-time low 145 per U.S. dollar.
Argentina's economic activity expanded in December as retail sales and manufacturing advanced, while the country posted a trade surplus in January that almost tripled the surplus the same month a year earlier.
Poverty in Argentina rose to 35.4% of the population in the first half of the year, the highest officially recorded level since 2001, the INDEC national statistics bureau reported today. This means that some 15.8 million Argentines are now considered poor, INDEC's data indicates. At the end of 2018, 32% of Argentines were said to be living in poverty.
Argentina's trade surplus in May reached US$ 1.373m, the highest in five years and a record nine months running with positive results, reported on Wednesday the country's stats office, Indec.
Argentina released April inflation numbers on Wednesday, with the monthly price rise easing to 3.4% - high by international standards, but below market expectations and reversing an acceleration trend that began in January.
Almost a third of Argentines were living below the poverty line at the end of 2018, according to a new report from the Catholic University of Argentina (UCA).