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'More and more hunger': Argentina's soup kitchens on brink of collapse from high inflation (www.reuters.com)

submitted 10 months ago by [email protected] to c/[email protected]

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A week ago, 20 kilograms (44 pounds) of pasta was enough to feed the dozens of families who visit the Sal de la Tierra soup kitchen in Villa Fiorito, a poor Buenos Aires suburb beset by the economic crisis ravaging Argentina. But with monthly inflation topping 20%, the number of hungry residents has soared. This week, the soup kitchen, which relies on private contributions and volunteer work, had to prepare 30 kg of pasta.

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[–] [email protected] -2 points 10 months ago

Inflation is a measure of growth, when they say inflation is down they mean it's growing less.

254% was the actual annual inflation.

257% was the predicted annual inflation, 21% was the predicted monthly. There was no rolling annual amount given for the month prior only the monthly rate of 25.5%.