Argentina’s poverty rate highest since 2003

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    The Associated Press is reporting that, during the first six months of the Milei administration, inflation was at an annual rate of 230% and the poverty rate rose from 42% to 53%, the highest in 21 years.

    Argentina's poverty rate spikes in first 6 months of President Milei's shock therapy
    The Argentinian government statistics agency says the official poverty rate in Argentina jumped to about 53% during the first six months of Javier Milei’s…
    apnews.com

    Yes those are the government’s own numbers. The same reported in a number of places. There is a quite a lag in publication of the statistics, so I believe those are July numbers. For inflation that means the annual rate calculation includes the 6 months before Milei. Perhaps monthly inflation is down (4-6% ??) , but the recession will continue for some time, and the poverty rate will most likely grow.