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Argentines Call Out Skyrocketing Prices and Austerity as Inflation Hits 109%

HeadlineMay 18, 2023

In Argentina, thousands of people marched through the streets of Buenos Aires Wednesday protesting soaring inflation and demanding an end to austerity measures imposed by the International Monetary Fund as part of a $44 billion bailout. Last month, Argentina’s government reported the peso’s annual inflation rate soared to 109%, in a country where 40% of the population lives below the poverty line. This is lawmaker Gabriel Solano.

Gabriel Solano: “Inflation is high. This adds up to the fact that the government sends less money to the soup kitchens. You have an explosive combination: There’s no work, jobs are precarious, and not even soup kitchens have the basics.”

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