Argentina’s Poverty Rate Rises Above 30% Under President Milei, Reversing Recent Decline
Extreme poverty also rose as average household income lagged a nearly 20% increase in basic living costs, INDEC said.
- Official data from INDEC showed Thursday that Argentina's poverty rate jumped to 32.3 percent in the first half of 2026, up 4.1 percentage points from 28.2 percent in the second half of 2025.
- The reversal marks a sharp break from the downward trend of 2024 and 2025, when President Javier Milei's austerity measures and inflation controls had driven poverty to an eight-year low of 28 percent.
- Nearly 45 percent of children under 15 lived in poverty, while roughly 9.7 million people across 31 urban areas surveyed by INDEC fell below the poverty line, including 2.25 million in extreme poverty.
- Economy Minister Luis Caputo acknowledged the increase but emphasized that poverty rates remain sharply lower than the first half of 2024, when they exceeded 50 percent.
- Household income rose 11.5 percent over six months while the basic basket of goods used to calculate poverty increased nearly 20 percent, signaling that economic gains may not sustain relief for struggling Argentines.
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While poverty affected 24.4 per cent of households in the first half of the year in Argentina, indigence reached 5.6 per cent of the core population and 7.5 per cent of the population, almost 3.5 million.
The poverty rate in Argentina rose in the first half of the year to 32.3%, in a context of acceleration in the rate of inflation that impacted the income of households and their ability to access basic goods and services. According to a report released this Thursday by the National Institute ... Continue reading "Poverty scale in Argentina with family income eaten by inflation"
Buenos Aires, Sep 24 (EFE).- The poverty rate in Argentina rose in the first half of the year to 32.3%, in a context of acceleration in the rate of inflation that impacted the income of households and their ability to access basic goods and services. According to a published report [...] The entry The poverty scale in Argentina, with family income eaten by inflation was first published in HolaNews.
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