Poverty in Argentina rises eight points in January and reaches almost 60% of the population. The social crisis worsens at the start of Milei's mandate due to the rapid increase in prices while incomes grow at a much lower rate than inflation.

In January, monthly inflation was 20.6% and year-on-year inflation jumped to 254.2%, the highest in the world, already ahead of Venezuela and Lebanon. The price of food has increased by 300% in the last 12 months and some basic supermarket products have a similar cost to Spain.