Social organizations demand aid against inflation in Argentina

Argentina.- Left-wing social organizations set up tents on Wednesday in the Plaza de Mayo waiting to be received by the Minister of Economy, Serge Massato demand measures and aid in the face of the harsh effects of the overwhelming inflation in Argentina.

The protest began with a march in columns through the main avenues of downtown Buenos Aires, in which thousands of demonstrators advanced to concentrate on the traditional Plaza de Mayo, in front of the Pink Houseseat of the presidency, and the Ministry of Economy.

Among their demands, the social organizations ask that the minimum salary rise from the current 45,540 pesos (325 dollars at the official exchange rate) to 105,000 pesos (744 dollars), the value of a basic basket for a typical family of four and estimated to exceed the poverty line.

They also request a “bonus or reinforcement of income of 20,000 pesos (143 dollars) for retirees, monotributistas, precarious workers and beneficiaries of the Empower Work program,” according to a statement.

“The minister (Massa) has spoken to the markets, to the sectors of power, but he has not had an answer from the popular sectors on how to mitigate an inflationary process that does not stop,” warned Eduardo Belliboni, leader of the Polo Obrero.

In a series of tweets late Wednesday, Massa announced that the forecast increase for pensions will be 15.53% in Septemberwhich will also apply to the universal allowance for children and pregnancy, two of the numerous subsidies and aid granted by the State.

In addition, the government will pay a reinforcement of between 7,000 (50 dollars) and 4,000 pesos (28.5 dollars) for three months for those who receive one to two minimum pensions.

– Inflation + high dollar = instability –

The mobilization takes place on the eve of the Indec statistics institute releasing the inflation rate for July, which is expected to exceed 7% per month, the highest of the year, after soaring after the untimely resignation of the Minister of Economy, Martín Guzmán, which had an impact on the foreign exchange market with a sharp increase in the parallel dollar price and financial.

The increase in the cost of living accumulated 36.2% in the first semester and market analysts estimate that it will reach 90% in the year.

“The fact that the dollar is so high generates insecurity for us, instability just like the government itself generates economic instability for us, in terms of not knowing how much a package of rice is going to cost from one day to the next. Something as simple as milk, bread, meat, we don’t know how long it’s going to be tomorrow,” Juan Soto, a 30-year-old activist from the Free Movement of the South-Standing Neighborhoods.

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Manuel Orellana, from the Workers’ Socialist Movement Teresa Vive, 31, criticized the government’s measures because “they show that in the context of the social, economic and political crisis in the country, they want the party of a few to we end up paying the popular sectors and the workers”.

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