Inflation in Argentina forces retirees to choose between food and medicine.

Inflation in Argentina is squeezing retirees, with monthly inflation at 7.7% in March and projected annual inflation at 110% in 2023. 85% of retirees receive a state pension averaging $265 a month, which barely covers a third of their expenses for food, medicine, and rent. The government has ordered a monthly addition of $67 to retirees with low salaries, but experts say it is not enough. The Ombudsman for Senior Citizens reported that the basic needs of rent, medicine, and food for one person was $914 a month, a 33% increase from six months ago. Retirees are forced to choose between taking medication or eating, and the crisis is a humanitarian one.