Monthly inflation hit 12.4% following a post-primaries devaluation

Analysts say the the devaluation of the Peso after the primaries is primarily responsible for the increase in prices

The numbers come following the INDEC reporting 6.3% inflation for the same month

The destitution threshold in June was AR$104,227 for a family of four

It is the first interannual decrease registered this year. Consulting firms predict the country’s GDP will drop 3% in 2023

A family of four needs AR$94,148 to not be considered destitute

Economy Minister Sergio Massa will announce new measures over the weekend, sources say

It’s the highest monthly figure since April 2002

The INDEC backtracked hours after announcing changes to its calendar