Falling Inflation Contributes to Decreased Poverty Levels in Argentina

The Indec statistics agency reported that Argentina’s poverty rate decreased to 38.1% in the second half of 2024, down 14.8 points from the first half of the year, following a rise during President Javier Milei’s early months in office.

In a significant economic development for Argentina, the official statistics agency, Indec, reported a notable decrease in poverty levels during the latter half of 2024. Following a sharp increase in poverty during the initial months of President Javier Milei’s administration, the proportion of the population living in poverty declined to 38.1 percent between June and December. This marks a substantial reduction of 14.8 percentage points from the poverty levels observed in the first half of the year.

In summary, Argentina has experienced a marked decrease in poverty levels as reported by Indec, with the percentage of individuals living in poverty falling to 38.1 percent in the latter half of 2024. This decline follows a period of increase at the beginning of President Javier Milei’s term and highlights the ongoing economic adjustments in the nation.

Original Source: www.annistonstar.com