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The Argentine government has taken a number of economic measures to curb inflation in the countrywhich by the end of the year may reach 100 percent, including an increase in pensions by 15.6 percent and freezing prices for more than 1,700 consumer goods.
Economy Minister Sergio Massa announced on Thursday that old-age pensions as well as universal benefits will increase by 15.6 percent from December next year, ensuring that this increase in purchasing power will benefit 84 percent of the country’s pensioners.
In addition, the government of Argentina approved a bonus of 10,000 Argentine pesos ($60.17) between December, January and February for those whose income is below the minimum wage and 7,000 argentine pesos ($42.12) for those earning an income equivalent to two minimum wages.
Thus, the executive branch calculated that the annual increase in pensions will be 107 percent, which means the restoration of purchasing power above the inflation rate in the country. “Inflation in Argentina is a very big problem for the vast majority of Argentines, but especially for pensioners and retirees,” the economy minister explained.
Agreement with companies
On the other hand, it was learned that the government had reached an agreement that supermarkets and consumer goods suppliers keep the prices of more than 1,700 items “fixed” or “with periodic increases.” “The purpose of this program is to give peace of mind,” he stressed andhe is Minister Massa.
Of the products whose prices have been frozen, some will increase their prices by 4% before adapting to the new rules, while others will start at current prices, but may increase up to 4% per month in accordance with an agreement signed with the Government. .
Doctors protest against wages
Doctors, nurses and assistants from public hospitals in Buenos Aires, Argentina ended a 24-hour strike last Tuesday as street protests demand higher wages and working conditions amid inflation projected at 100% this year.
Under the slogan “Health in emergencies”, more than a thousand professionals in hospital gowns marched through the historic city center, from the Obelisk to the Plaza de Mayo, and protested in front of the Argentine capital’s Ministry of Health.
(According to Europe Press)
Source: RPP
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.