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Argentina inflation rises to 2.1% in July
Argentina's monthly inflation rate rose to 2.1% in July, according to INDEC, marking an acceleration from the 1.9% recorded in June. This figure brings the year-to-date inflation to 19.3% and the annual rate to 33.8%. The increase was largely driven by the 'Recreation and Culture' sector, which saw a 5.0% rise due to winter holiday spending, and 'Restaurants and Hotels' at 2.8%. Conversely, 'Clothing and Footwear' saw a decrease of 1.3%.
This inflation data will directly impact social security payments. ANSES will apply a 2.1% increase to pensions, social benefits, and the Universal Child Allowance (AUH) in September, following the established mobility formula. For example, the AUH is expected to rise from $150,848 to $154,031.
Regarding the cost of living, a typical family of four required $1,564,716 per month to avoid falling below the poverty line. To avoid indigence, the same family required $708,016 for the Food Basic Basket (CBA), which rose by 2.6% in July. Economists note that while the government aims for disinflation, the process remains slow and subject to seasonal fluctuations.
Entities
Anses · Argentina · Banco Central de la República Argentina · INDEC · Luis Caputo · Ministry of Economy · Santiago Casas
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 27 SOURCES] Inflation accumulated to 19.3% in the first seven months of the year. www.lu24.com.ar · www.4semanas.com · eldiadegualeguay.com · exclusiva.com.ar · globalbuenosaires.com.ar · +19 more
- [● 8 SOURCES] ANSES will apply a 2.1% increase to pensions and social benefits in September. www.labrujula24.com · notasdeactualidad.com.ar · exclusiva.com.ar · www.adnsur.com.ar · panorama24.com.ar · +1 more
- [● 22 SOURCES] The Recreation and Culture sector saw the highest monthly increase at 5.0%. www.lu24.com.ar · www.4semanas.com · eldiadegualeguay.com · lapostadelnoroeste.com.ar · cdnoticias.com · +16 more
- [● 30 SOURCES] Argentina's July inflation rate was 2.1%. www.lu24.com.ar · www.4semanas.com · eldiadegualeguay.com · exclusiva.com.ar · globalbuenosaires.com.ar · +21 more
- [● 5 SOURCES] Economy Minister Luis Caputo expressed confidence in the current fiscal and financial stability policies. www.lu24.com.ar · globalbuenosaires.com.ar · www.labrujula24.com · www.laopiniondetandil.com.ar
- [● 6 SOURCES] Minimum pension recipients will receive an additional $70,000 bonus. www.labrujula24.com · exclusiva.com.ar · www.adnsur.com.ar · panorama24.com.ar
- [● 20 SOURCES] Clothing and footwear prices decreased by 1.3%. www.lu24.com.ar · www.4semanas.com · eldiadegualeguay.com · lapostadelnoroeste.com.ar · cdnoticias.com · +15 more
- [● 26 SOURCES] The year-on-year inflation rate reached 33.8%. www.lu24.com.ar · www.4semanas.com · eldiadegualeguay.com · exclusiva.com.ar · globalbuenosaires.com.ar · +18 more
- [○ 1 SOURCE] The minimum wage covers only 24.07% of the Total Basic Basket for a family of four. mdigital.com.ar
- [● 8 SOURCES] The Food Basic Basket (CBA) rose by 2.6% in July. www.diarioprensa.com.ar · fmimpacto107.com.ar · www.radiobicentenario.com.ar · www.zonanortehoy.com · gruporadialcentro.com.ar · +1 more
- [○ 1 SOURCE] The minimum wage in Argentina is $376,600 per month. mdigital.com.ar
- [● 2 SOURCES] A study by the National University of Córdoba found 70% of residents run out of money by the 20th of the month. infobaires24.com.ar · www.cba24n.com.ar