“People eat less. You drink more mate and eat more cookies to replace some food. It is a very sad situation. You get to the end of the month by counting the coins, “said Oliveto, director of Consultora W, adding:” It costs people a lot to get the money and when they have it, it is worth nothing and does not pay. “
In many homes “Three people work in a family and they make ends meet counting the coins”He explained and clarified that currently “you can eat meat at the beginning of the month and then you have to resort to something else because it is no longer enough. We find these very hard things that are reflected in the numbers.”
The head of the consultancy W also said that this year the consequences of 2020 are being paid. Estimated that wages and purchasing power of families contracted 11% in pesos last year and more than 43% in dollars.
Oliveto said that the crisis “generated many losses that, even if there is a recovery in economic activity, it does not necessarily return to the same place.” “Today what people are feeling is the impoverishment that was generated from this process. The pandemic plus the quarantine was like a war. Today we are living the postwar period and only scars are seen”, he pointed.
On the other hand, he pointed out that people are going through a context of uncertainty, so they “go to the dollar and to the bricks.” “You ask people today what is going to happen and they have no idea. Argentines tend to take refuge in what historically allowed them to preserve their heritage in some way,” he said.
Despite the frozen prices, inflation in October was 3.5% and in one year accumulates 52.1%, while basic food in the City increased 3.8%. A typical family needed more than $ 38,306 not to be destitute and more than $ 72,601 not to be poor, regardless of the rent.
Source From: Ambito
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