Argentina: Protests for extra earnings and help towards inflation take over the nation
- August 12, 2022
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The demonstration takes place on the eve of the country’s July inflation, which promises to be the highest monthly rate in 20 years.
On the eve of the release of the inflation of july of Argentinawhich promises to be the highest monthly rate in 20 years, precarious and unemployed workers belonging to combative social organizations demonstrated this Wednesday, 10, in Buenos Aires demanding better incomes and State aid.
Thousands of protesters gathered in different avenues of the city to head to Praça de Mayo, where the Government House is located, with the aim of meeting with the Minister of Economy, Sergio Massa. As Massa did not receive them, social organizations started a camp in front of the government headquarters at dusk, initially until Thursday morning.
Economic advisers agree that inflation in July – which the government will announce on Thursday – would be around 7% from the previous month.
According to the latest official data for June, the rise in prices was 5.3% while the year-on-year rate rose to 64%, which places Argentina as one of the countries with the highest inflation in the world.
The members of the Piquetera Unit, which integrate the different social organizations, demand a quick response from the Minister of Economy to the loss of purchasing power of workers, both in the informal sector and in the formal economy.
Early in the morning the protesters, many of them accompanied by small children, marched in a line and carried banners from the Polo Obrero and the Socialist Workers’ Movement, among other groups.