The INDEC’s latest report is the second to reflect the government’s 22% devaluation in August

Today, you’re encouraged to sample one of Argentina’s most popular confections (as though you needed the excuse)

The figure is the highest since the first semester of 2021

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