Live data from Hacker News

Winter deepens misery for Argentina's poor following Milei's financial cuts

reuters.com

1–3 of 3 posts

Re: Winter deepens misery for Argentina's poor following Milei's financial cuts

#3
The leading edge of a spike in homelessness.

> His monthly electricity bill in Buenos Aires has shot up to 12,000 pesos ($13.50) from 1,100 pesos ($2.50) in November

> Coupled with near 300% annual inflation

> In the first quarter of this year, nearly 18% of households could no longer meet their basic food and energy needs, up from 9.6% registered a year prior

> Estimates from UCA suggest that almost 55.5% - or roughly 25 million people - lived in poverty during the first three months of the year, up 10%

Those are some big jumps in important statistics, something ~40% in some cases.