Argentina’s poverty rate significantly decreased to 38.1% in the latter half of 2024, falling by 14.8 points from earlier in the year, according to the Indec statistics agency. This change is attributed to falling inflation rates following Javier Milei’s presidency.

Official data released by Argentina’s Indec statistics agency indicates that poverty levels significantly decreased in the latter half of 2024, following a rise during the initial months of President Javier Milei’s administration. The proportion of individuals living in poverty dropped to 38.1 percent between June and December, marking a decline of 14.8 percentage points from the earlier half of the year. This shift appears to be directly linked to falling inflation rates, which have contributed positively to the economic stability in the country.

In summary, Argentina has experienced a notable reduction in poverty levels from June to December 2024 as reported by the Indec statistics agency. The decrease to 38.1 percent suggests a promising development for the nation’s economy, which correlates with a decline in inflation during the same period. These statistics reflect the potential effectiveness of recent economic measures under President Javier Milei’s leadership.

Original Source: www.annistonstar.com