The rate of poverty in Argentina dropped to 5.4% last year and indigence was down to 1.5%, according to data released by the controversial government’s stats office, Indec. A person ceases to be indigent in Argentina if he can feed on 6 Pesos daily, which based on the official rate is just over one dollar but in the parallel market 75 US cents.
Over a third of metropolitan Buenos Aires, 34.9%, live below the poverty line which is equivalent to 4.4 million people, more than double the official Argentine government estimate, according to a paper from the Argentine Catholic University, UCA, and the local Caritas chapter from the Catholic Church.