An Argentine standard family of two adults and two children needed the monthly equivalent of US$ 664 or US$ 380 (depending on the official or free money exchange market) to be considered above the poverty line during the month of June. July figures will be released in fifteen days.
Cabinet Chief Jorge Capitanich confirmed on Friday that President Cristina Fernández will announce next week an “economic and financial recognition” to the members of national security forces following the deployment of 12,000 agents across the country to counter the impacts of the police protests and lootings that hit almost all Argentine provinces over the past days.
The recent hike in oil prices will likely cause a “temporary and relatively modest increase in U.S. consumer price inflation,” but sustained increases could pose a more serious threat to the economy, Federal Reserve Chairman Ben Bernanke said earlier this week.
With the recent 62% increase Brazilian lawmakers (Lower House and Senate) will be among the best paid in the world, ahead of European and US peers and from other emerging economies.