[REVISION HISTORY]

Global rising cost of living and food inflation

Updated 10 times since CLSTR started tracking revisions of this situation.

What changed

2026-09-24 23:27 UTC → 2026-09-25 01:02 UTC · added ~~removed~~

Reports indicate rising costs for essential goods and services are impacting households across several regions. In Argentina, data shows significant increases in the cost of child-rearing and basic necessities. In Jujuy, a family of five requires approximately $1.65 million pesos to remain above the poverty line. Subsequent data from Rosario indicates that the Basic Food Basket (CBA) rose by 8% in August, contributing to a year-on-year increase in the Total Basic Basket (CBT) of 39.9%. Recent updates from the Universidad Nacional de Rosario show that for a family of four with their own home, approximately $1,778,233 ARS was required in August to stay above the poverty line. The CBT has seen a 33% rise so far in 2026, with food spending outpacing other goods and services. In Argentina, rising prices for food and beverages threaten to stall the recent disinflation process. While August inflation reached a 14-month low of 1.7%, private consultants warn of an acceleration in September. Analytica projects a 2% monthly CPI, driven by a 1.8% weekly increase in food and beverages, while LCG reported a 1.4% increase during the third week of September. EconViews estimates a 1.9% increase. Some economists have warned that the contraction in activity could lead to a technical recession. Economic volatility is compounded by a contraction in activity. Official INDEC data reveals that in July, monthly economic activity (EMAE) fell by 2.9% compared to June, marking its largest monthly decline since the pandemic. This decline was particularly notable in the manufacturing, construction, and wholesale and retail trade sectors. Economy Minister Luis Caputo attributed this to transient shocks, including gas shortages, weather-related disruptions, and reduced working hours due to the World Cup. ~~This decline aligns with a trend of reduced consumption, as supermarket sales dropped 2.1% year-on-year in July, marking the seventh consecutive month of decline.~~ Additionally, reports indicate a substantial loss of formal private sector jobs since late 2023.

Versions

Only revisions since CLSTR began indexing content versions appear here. Select a version to see what changed compared to the one before it.