Monday, May 27, 2024

ECONOMY | 15-05-2024 17:48

Poverty rate was 48.9% in April, says Universidad Di Tella study

Estimated 29 million people in Argentina were poor last month, reveals a new study by the Universidad Torcuato Di Tella.

Poverty affected 48.9 percent of the population in April, equating to around 29.4 million people, a study from the Universidad Torcuato Di Tella has found. 

The number of poor rose 0.6 percent in the six-month period between November 2023 and April 2024, compared to October-March 2023. The poverty level rose a remarkable 7.2 points from the data reported last December.

According to Di Tella, the average Basic Food Basket for Greater Buenos Aires during the six-month period was calculated at 203,642 pesos per adult – a year-on-year increase of 265.3 percent. Average family income rose 196.1-percent over the same time period.

The study, based on data from the INDEC national statistics bureau’s Encuesta Permanente de Hogares (EPH) survey, estimated that 48.9 percent of the population was poor. With 95 percent confidence, it foresees an official rate of between 47.4 percent and 50.4 percent.


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