Overview

• Argentina's poverty rate fell to 38.1% in the second half of 2024, down from 52.9% in the first half, according to official statistics released on March 31, 2025.
• Extreme poverty also saw a dramatic decline, dropping to 8.2% from 18.1% over the same period.
• Inflation has significantly decreased to 67% as of early 2025, compared to 211% in 2023, reflecting macroeconomic stabilization under President Javier Milei's policies.
• Despite these improvements, many Argentines continue to struggle with low incomes, informal jobs, and food insecurity, with reports of scavenging for food increasing in urban areas.
• Milei's austerity measures, including deep spending cuts and subsidy eliminations, have been credited with achieving Argentina's first budget surplus in 14 years but criticized for their social impact.