Buenos Aires.- Inflation has been falling in Argentina since libertarian President Javier Milei took office in December, but many Argentines say they still do not feel relief due to low salaries and the increase in public services, according to information published by the agency Reuters news.
The National Institute of Statistics and Censuses (INDEC) reported on Thursday that the inflation rate for May was 4.2 percent, lower than expected in a recent survey of analysts consulted by the central bank, who projected a price index of 5.2 percent. cent last month.
Retail prices have registered five consecutive months of decline, with an increase so far this year of 71.9 percent and 276 percent in the last 12 months to May, INDEC added.
However, for many Argentines it remains a challenge to fill the refrigerator and pay the bills with mostly lower salary updates.
With a sharp increase in public service and transportation rates, the minimum wage in Argentina, of 234,315 pesos (about $260), appears insufficient.
“I still don’t notice the issue of inflation, I still don’t understand how inflation is going down,” said Silvia Castro, a 65-year-old retiree.
“Taxes are very expensive, services are expensive, gasoline is expensive, insurance is very expensive, the social work (health service) that was going to go down, always equals or goes up,” he added in a market on the outskirts of Buenos Aires. Aires.
Inflation shows a continuous decline from the peak it reached after the devaluation that Milei promoted after taking office in December, whose adjustment in public spending has generated a recession that pushed more than half of the population into poverty.
The Government assures that the worst is over and hopes that economic activity will be reactivated in the second half of the year.
But Laura Basualdo, a 53-year-old merchant, draws a different conclusion when talking to her clients.
“I’m a merchant and I often see the customer on the other side who, obviously, if my price doesn’t work for them, they go out to look for offers because we all have to walk today, because it’s terrible. Every time our money gets smaller, it’s every time less and today it is a luxury to eat,” he said in his business.
With information from Reuters.Inflation has been falling in Argentina since libertarian President Javier Milei took office in December, but many Argentines say they have yet to feel relief due to low wages and increased public services.
The National Institute of Statistics and Censuses (INDEC) reported on Thursday that the inflation rate for May was 4.2 percent, lower than expected in a recent survey of analysts consulted by the central bank, who projected a price index of 5.2 percent. cent last month.
Retail prices have registered five consecutive months of decline, with an increase so far this year of 71.9 percent and 276 percent in the last 12 months to May, INDEC added.
However, for many Argentines it remains a challenge to fill the refrigerator and pay the bills with mostly lower salary updates.
With a sharp increase in public service and transportation rates, the minimum wage in Argentina, of 234,315 pesos (about $260), appears insufficient.
“I still don’t notice the issue of inflation, I still don’t understand how inflation is going down,” said Silvia Castro, a 65-year-old retiree.
“Taxes are very expensive, services are expensive, gasoline is expensive, insurance is very expensive, the social work (health service) that was going to go down, always equals or goes up,” he added in a market on the outskirts of Buenos Aires. Aires.
Inflation shows a continuous decline from the peak it reached after the devaluation that Milei promoted after taking office in December, whose adjustment in public spending has generated a recession that pushed more than half of the population into poverty.
The Government assures that the worst is over and hopes that economic activity will be reactivated in the second half of the year.
But Laura Basualdo, a 53-year-old merchant, draws a different conclusion when talking to her clients.
“I’m a merchant and I often see the customer on the other side who, obviously, if my price doesn’t work for them, they go out to look for offers because we all have to walk today, because it’s terrible. Every time our money gets smaller, it’s every time less and today it is a luxury to eat,” he said in his business.
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