Peruvians Living With Under $67 a Month Reach 11-Year High.

The number of Peruvians living in extreme poverty reached an 11-year high in 2023, surpassing levels seen during the global pandemic, according to Peru's national statistics agency. The extreme poverty rate rose to 5.7%, the highest since 2012, with 1.9 million Peruvians living on less than $67 a month. The overall poverty rate also increased to 29%, slightly below the pandemic high of 30%. These rising poverty rates reflect the impact of Peru's weak economy, which has been further exacerbated by the highest death rate during the pandemic and political instability. President Dina Boluarte's low approval ratings and a scandal over luxury watches have added to the challenges faced by the country. [Extracted from the article]

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