“Argentina’s urban poverty rate dropped to 31.6% in the first half of 2025, its lowest level since 2018, according to estimates by Universidad Torcuato Di Tella using official data from INDEC.

Extreme poverty fell to 7.4%, down from 18.2% a year ago. This marks a significant turnaround after poverty surged to 52.9% in early 2024—one of the highest points in decades—following a major currency devaluation and inflation spike.

The decline reflects a rare moment of income recovery and price stability. Monthly inflation fell below 2% for two consecutive months, reaching 1.6% in June 2025. Inflation had peaked at over 200% annually at the end of 2023.

Meanwhile, real wages in the private sector grew 10.4% between December 2023 and May 2025, allowing incomes to finally outpace the rising cost of living.

For lower-income groups, the shift was even sharper. Their incomes rose 8.5% in early 2025, while the cost of the basic food basket increased by just 2% over six months.”

From The Rio Times.