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Poverty and Destitution Rates Fall in Buenos Aires

Poverty and Destitution Rates Fall in Buenos Aires 

In a new study of the the Buenos Aires Statistics Agency, poverty and destitution rates have fallen since last quarter and in comparison to the same quarter in 2016.

According to the study, in the first quarter of 2017, over 10 percent of households in the city did not make enough money to afford a Basic Basket of Goods, or the goods and services considered basic and necessary to acquire to avoid living in poverty. A Basic Basket of Goods for a family of four cost AR$ 14,600 as of March of this year, representing a 3.3 percent drop in relation to the last quarter of 2016, and a 2.1 percent drop compared to the same quarter of 2016. (more…)

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Inflation in Argentina

The inflation rate for Argentina in 2016 was forecasted to be 25%. President Mauricio Macri’s administration acknowledged that inflation will probably go beyond the predicted ceiling of 25%.

Despite this confession, he says the percentage can still change as the months pass, like any inflation. But there doesn´t seem to be much hope with the increasing price in gas and water of 300% and the increasing price of public transportation of 100% since April. (more…)