Due to 140 % inflation, hard-up Argentines are turning to used clothing markets as a result of Argentina’s 100 % inflation.

November 24, 2023

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The 100 % inflation rate in Argentina attracts a lot of people to used clothing stores.

  • According to 140 % inflation, struggling Argentines are turning to second-hand clothing industry.
  • Rising voter ire has an effect on the national election run-off
  • Middle class and lower middle school struggle to make ends meet
  • Effect of capital controls on regional buying power and minimum wage
  • The 100 % inflation rate in Argentina attracts a lot of people to used clothing stores.

    Hard-up Argentines are increasingly turning to second-hand clothing industry as a result of inflation at 140 % and rising, both to get cheap deals and to generate extra income from the sale of used clothing.

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    Presidential Election and Rising Vote Anger

    With two-fifths of the country’s population living in poverty and a looming crisis threatening to scuttle the presidential election run-off in Argentina next Sunday, the South American country is experiencing its worst crises in years. Javier Milei, a dramatic outsider, is currently the little preferred in polls due to growing voter resentment.

    Conflict between the Middle Class and the Lower Middle Classes

    Beatriz Lauricio, a 62-year-old semi-retired teacher, and her vehicle business partner buy used clothing to make ends meet on the weekends. They emphasize that this is done out of need rather than pleasure.

    A clothes fair in Tigre, on the outskirts of Buenos Aires, is organized by Mara Silvina Perasso, who emphasizes that many people shop there because prices have increased much more quickly than wages, making it difficult for them to obtain new apparel.

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