Argentine retirement benefits lose up to 7.9% purchasing power in year

A Buenos Aires agency estimates that a couple's basic basket costs between $1.74M and $3.08M, depending on rent and prepaid health costs. Over the past twelve months, retirement benefit purchasing power has declined by up to 7.9%, indicating erosion of real incomes for pensioners. This is a continuation of Argentina's chronic inflation trend, with the magnitude of decline being notable.

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