Amid biting recession and painful inflation, Argentinians are cutting back on one important cost: contraception
BUENOS AIRES - In South America’s capital of romance, Argentine lovers are cutting back on one important cost: contraception.
Amid a biting recession, a sharp currency devaluation and painful inflation, sales of condoms and birth control pills have tumbled, pharmacists and manufacturers say. South American’s No. 2 economy is expected to shrink 2.6% this year and is grappling with 50%-plus annual inflation. The peso currency has lost two thirds of its value against the dollar since the start of 2018, hammering imports and consumption.
Most condoms, or the materials needed to make them, are imported, so a weaker currency has an immediate impact on the price, up some 36% since the start of the year, said Felipe Kopelowicz, president of Kopelco, manufacturer of Tulipán and Gentleman condom brands.
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