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Argentina’s Basic Basket Costs Outpace Inflation as Poverty Line Climbs

(FILE) Argentinian President Javier Milei. Photo: EFE.

An Argentinian family of four now needs 1,632,505 pesos ($1,057) to avoid being considered poor, according to the National Institute of Statistics and Censuses (Indec).


To avoid falling into indigence, the same family requires at least 738,690 pesos ($478), according to the total basic basket (CBT) and basic food basket (CBA) figures in Indec’s most recent report.

So far this year, the CBT grew 24.7% and the CBA 25.3%, both above accumulated inflation of 23.6% through September, when it rose to 1.9%, according to the report. Year-on-year, the CBA rose 38.7% and the CBT 40%, both above the 33.4% year-on-year inflation, the report said.

RELATED: Argentina Seeks International Tribunal Measures Against Malvinas Islands Oil Project

Julián Neufeld, an economist at the Fundación Libertad y Progreso cited by the newspaper Perfil, said the prices that weigh most heavily on lower-income households “have been rising above the general index, and that erodes purchasing power precisely in the most exposed segment.”

Neufeld explained that since wages adjust by the Consumer Price Index when collective labor agreements allow, and poverty levels are set by the baskets, a substantial inflation gap between the two strongly conditions poverty and indigence levels, he said.

According to the economist, in the first half of this year, with the inflationary shock concentrated in meat and fuels—goods with great weight in the baskets—these rose above the general level, pushing many families below the poverty line, he said.

🥬 Las verduras aumentaron 23,8% en septiembre en el Mercado Central y más que duplicaron su precio en un año

Un informe del Centro de Economía Política Argentina (CEPA) reveló una fuerte aceleración en los precios mayoristas de las hortalizas durante septiembre: la canasta… pic.twitter.com/iiDBCfzgh8

— Agencia El Vigía (@AgenciaElVigia) October 12, 2026
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West’s death cult in a theater near you

Capitalism, fascism, wars, the Epstein class, endemic poverty and suffering – it’s a death cult in a theater near you.

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It’s hard to know whether to break the TV set or throw up when listening to the European governments rushing to condemn the air strike by Yemeni forces on Saudi Arabia’s King Khalid international airport.

The blast from a ballistic missile that slammed into the airport at the weekend, October 12, killed at least 13 civilians and injured scores of other travellers. Horrific video footage shows the moment the missile explosion ripped through a terminal lounge.

European leaders immediately in a coordinated fashion trotted out condemnations of Yemeni “terrorism” and vowed solidarity and support for Saudi Arabia. U.S. President Donald Trump called it “a terrible thing.” (As if bombing schoolchildren is not quite a terrible thing.)

Britain, France, Germany, Ireland, Italy, Austria, the Netherlands, and Spain all issued strident denunciations of the Yemeni attack.

The strike on the Saudi capital came after the Ansar Allah-led Yemen Armed Forces had given ample warning to the Saudis that their airports would be targeted and for civilians to avoid the areas. The airports were kept open for business as usual. The Yemenis have said that the attack on Riyadh and other Saudi airports are retaliation for weeks of multiple air strikes by the Saudis on Yemeni civilian centers.

Hundreds of Yemeni civilians have been killed since Saudi Arabia broke a four-year truce with an air strike on the international airport in Sanaa, the Yemeni capital, on July 13. Saudi warplanes, U.S.-supplied F-15s and European Typhoon jets, have been continously bombing homes across Yemen. This week, two days after the Riyadh strike, at least nine people including five children were killed in air raids on houses in Taiz city and in northern al Jawf province. Al Masirah TV footage showed a distraught father holding up a child’s shredded body amid rubble. There was no condemnation of that atrocity from any European leader.

As Mick Wallace and Clare Daly, former Irish Members of the European Parliament, point out in their podcast this week, the official European reaction is utter hypocrisy and a cynical distortion of the conflict on the Arabian Peninsula.

Britain and France in particular, along with the United States, have backed the Saudi aggression against Yemen beginning in 2015. Over seven years, that aggression killed up to 400,000 Yemenis through air strikes and a blockade on humanitarian needs.

The European Union remained largely silent for seven years. No protests were made to Washington, Paris or London. Ambassadors were not summoned, sanctions were not imposed.

The return to hostilities that began with Saudi air strikes on Sanaa in July have been enabled by U.S. and Britain supplying warplanes, military advisors and intelligence.

None of the European governments have bothered to condemn this recent U.S. and UK-backed slaughter.

So, it is nauseating when one hears British Foreign Secretary Ed Miliband saying he is “appalled” by the strike on Riyadh airport. And other European leaders vowing “full solidarity with the kingdom of Saudi Arabia.”

Germany’s Foreign Minister Johann Wadephul condemned Yemen’s “terrorist act.”

His French counterpart said France stood with Saudi Arabia “in defending its territory and infrastructue.” (No mention of what the Saudis have been doing for years to Yemen’s territory.)

Referring to the strike on Riyadh without any context, Italy’s Giorgia Meloni said: “Attacks against civilians and civilian infrastructure are unacceptable and must cease.” (Yes, indeed, so why not tell that to the Saudis who are doing it deliberately on a massive scale with support from Washington and London?)

What is instructive here is not just the sickening hypocrisy and moral bankruptcy. It is the manifestation of a systematic corruption and criminal responsibility. This is not just one more example of a flawed European political class whose judgement is suspect. What is increasingly apparent is the totality of the corruption.

The same European supporters of Saudi monarchs waging a genocidal war on Yemen are also contemporaneously supporting the Israeli Zionist regime in its extermination of Palestinians. They are complicit in enabling the U.S. aggression against Iran, Cuba and Venezuela. They are sponsors of the NeoNazi regime in Kiev to keep fighting a proxy war against Russia despite more than one million Ukrainian military casualties and the risk of nuclear conflagration.

The death cult of Western capitalism is on full display in multiple theaters, exposing the organic evil at work. There is sense that all of Western imperialist history is now on display in one final orgy of barbarity.

In previous times, the death cult operated discreetly in seemingly disparate conflict scenarios. Wars on different continents seemed somehow unconnected. The Western media would in the past reliably cover up the crimes by distorting the motives and objectives with false narratives and (laughable) claims of noble purpose. The West was “defending democracy,” “fighting communism,” “protecting human rights,” or “waging war on terrorism,” or some other pretext that in isolation and with loads of media propaganda managed to fool a lot of people as somehow plausible.

What’s happening now, it seems, is a concatenation of wars that ultimately exposes the essential system that drives the violence, and its insatiable lust for human suffering.

It is impossible to work for such a vile system, the death cult of capitalism, without also being oblivious to its evil ways. To remain oblivious necessitates denial or lies. That deception might be tenable for occasional and seemingly disparate scenarios. But not when the system is exposed in its infernal entirety.

American and European wars in the past might have succeeded in being sold to the Western public as one-off wars and misadventures. We think of the wars in Korea, Vietnam, Latin American, Africa, former Yugoslavia, Afghanistan, Iraq, and more recently Libya.

In more recent years, as consciousness evolved, the public began discerning and decrying “endless wars”.

But now the world is witnessing a totalizing of the war machine that goes by the name of “Western democracy”.

What’s happening in Ukraine, Gaza, Iran and Yemen is not coincidence. It is the death cult on display and unable to hide itself. It manifests too in attacking and locking up Western citizens who condemn genocide or who simply call for peace.

Capitalism, fascism, wars, the Epstein class, endemic poverty and suffering – it’s a death cult in a theater near you.

The politicians, governments, media and pundits who promote it or serve it are seen for what they are.

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FAO Warns 132 Million Could Fall Into Extreme Poverty by 2030

The warning was not delivered as a certainty. The FAO insists the scenario can still be avoided. Photo: FAO.

More than 132 million people risk falling into extreme poverty over the next four years as intensifying droughts and severe floods batter agrifood systems worldwide, the Food and Agriculture Organization (FAO) warned Monday in Rome.


FAO Director-General Qu Dongyu issued the warning on October 12 at the opening of the plenary sessions of the World Food Forum 2026 in Rome. The event, held under the slogan “Innovate Today, Nourish Tomorrow,” runs through Friday, October 16.

Qu Dongyu told delegates of the World Food Forum 2026 (WFF) that extreme weather now threatens global food security at a scale the world has rarely confronted. The agency’s technical models identify a single driver behind the projected plunge, the hardening of droughts and floods that strike agricultural systems.

RELATED: FAO Opens Rome Forum With Focus on Global Food Security

According to the agency’s technical projections, the intensification of extreme weather events is hitting agrifood systems hard and threatening global food security. Qu described the impact of these phenomena as severe, stressing that the consequences fall most heavily on the Global South.

The forum brings together government delegations, farming communities, scientists and international investors. Their goal is to design structural responses to a climate crisis that, in the FAO’s assessment, punishes vulnerable regions with particular harshness.

FAO stressed that the projected outcome is not inevitable. According to the organization, it can only be avoided if governments and financial actors multiply and accelerate investments in three areas: technological innovation, the strengthening of rural and smallholder resilience, and the adaptation of local crops to changing climate conditions.

World Food Forum 2026: Flagship event opens under theme “Innovate Today. Nourish Tomorrow.”@FAODG QU Dongyu also inaugurates Global Youth Forum as week-long programme gets underway#WorldFoodForumhttps://t.co/xRTTdNk0Mo

— FAO Newsroom (@FAOnews) October 12, 2026

Global South Bears Brunt

The agency also cautioned that ecological imbalances, aggravated by what it called predatory development models, are deepening inequality gaps and threaten the human right to food. Both dynamics, it said, converge in extreme poverty.

That framing sharpens the demand for deep change in international agricultural governance. Whether the projected outcome can be averted depends, according to the FAO, on urgency converting into investment.

This year’s edition places significant emphasis on Latin America, with the participation of leaders from a range of political backgrounds. The forum is scheduled to close with institutional messages from UN Secretary-General António Guterres and Pope Leo XIV, in a gathering intended to strengthen global commitments against hunger.

FAO’s projection adds to a growing body of warnings from international organizations about the links between climate change, food insecurity and poverty. Whether the forum produces concrete financial commitments, rather than statements of intent, is likely to be the key test of its outcome.

Strategic alliances against hunger sit at the center of the agenda. For the FAO, the equation is direct. Faster funding and smarter innovation today determine how many families avoid destitution by the end of the decade.

The alert lands as the forum seeks to convert pledges into action. Delegates have five days in Rome to turn the warning into commitments, and the 132 million figure now frames every negotiation in the room.

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