At a Buenos Aires soup kitchen, lines grow longer as inflation soars

Outside a market on the outskirts of Buenos Aires, people rummage through fruits and vegetables that have been thrown away, to grab whatever is salvageable. It's where Anahí Robledo gets the food to run her community kitchen. She feeds 50 families daily

Argentina is battling an economic crisis which could see inflation hit around 150% by the end of the year, one of the highest rates in the world.

"You can't keep count of the dishes we have to make for that amount of people," said Robledo, a 47-year-old domestic worker who volunteers on the side, as she kneaded bread. Argentina has long battled high inflation, currency weakness and indebtedness, but high global prices linked to the war in Ukraine and one of the country's worst-ever droughts have hit its ability to stabilize its economy.Argentina's official statistics agency is set to release official inflation data for May later on Wednesday, with analysts predicting a monthly rise of 8.8%, even faster than the 8.4% jump a month earlier. The annual rate is already 109%.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Baby Gronk’s dad feeds son answers in cringeworthy interviewThe Baby Gronk saga has taken another turn.
Read more »

Tijuana community kitchen, shelter on brink of closing due to lack of volunteersThe main community kitchen and shelter in Tijuana that feeds migrants and the homeless could close, according to our media partner Televisa.
Read more »

Fed sees hardy economy and low unemployment prolonging high inflationU.S. is on track to grow faster this year than the Federal Reserve previously forecast, leaving inflation disappointingly high and auguring more rate hikes.
Read more »

BoE's Bailey: Inflation will come down but it will take longerBank of England (BoE) Governor Andrew Bailey said on Tuesday that inflation will come down, but it will take longer than expected. He mentioned that t
Read more »

A Guide to Steak Grilling TimesPlus, tips from our Test Kitchen team.
Read more »