# INDEC prints a poverty rate above 50 percent after the Milei shock Date: 2024 ## The fact In early 2024 INDEC printed urban poverty above 50 percent, a completed household-cost print after the December devaluation and DNU. ## Context The prior crisis sat. Neighbouring devaluation is the parent shock. He did not sit as INDEC. 13 December 2023 is the parent. Surplus 2024 is a neighbouring fiscal offset, not this copy. The President of Argentina heads the federal executive, issues decrees of necessity and urgency subject to congressional review, and appoints the cabinet. He does not write INDEC prints, an IMF board decision, a [US Treasury](/organizations/us-treasury) backstop, or a Central Bank balance sheet by himself. Congress, governors, the BCRA, and coalition deputies share specific files. Dollarisation announced is not dollarisation completed. ## Evidence and sources National Institute of Statistics and Censuses of Argentina carries the official instrument or communique. Reuters records the same dated act independently. ## Significance The path is [household purchasing power](/drivers/household-purchasing-power) and [income inequality](/drivers/income-inequality): a completed poverty print above 50 percent is a dated welfare cost. ## What is established and what is not Established: early-2024 INDEC poverty above 50 percent, independently reported. What would change the picture: a contradictory original with a different date or name, a later repeal, a court that vacated the instrument, or a measured series that can be argued, with lag and alternatives, as a consequence of this instrument rather than of later institutions. The date is the date of this instrument, not a licence to back-date every later harm or benefit. His shock policies sat in the causal weather. Prior inflation sat. [Caputo](/people/luis-caputo) implemented.. A later repeal, court stay, or successor order would be a different Fact with a different date. That pair identifies INDEC prints a poverty rate above 50 percent after the Milei shock, not a later speech about INDEC prints a poverty rate above 50 percent after the Milei shock. Co-authors and later implementers named in Context remain on the file. INDEC prints a poverty rate above 50 percent after the Milei shock on 2024-03-27 is not a licence to treat every later National Institute of Statistics and Censuses of Argentina communique as this same act. If a later repeal, stay, or successor instrument exists, it needs its own date and its own row. This dossier refuses to average INDEC prints a poverty rate above 50 percent after the Milei shock into a personality. The contribution described on this Person row is limited to INDEC measured. His shock policies sat in the causal weather. Prior inflation sat. Caputo implemented. That limit is the alternative to treating office-holding as authorship of every later series. ## People - Javier Milei: https://factrail.ai/people/javier-milei ## Drivers - Household Purchasing Power: https://factrail.ai/drivers/household-purchasing-power - Income Inequality: https://factrail.ai/drivers/income-inequality ## Sources - https://www.reuters.com/world/americas/argentina-poverty-rate-milei-2024-03-27/ - https://www.indec.gob.ar/ ## Methodology https://factrail.ai/methodology Canonical: https://factrail.ai/facts/ar-poverty-2024