It is worth remembering that the Minimum Vital and Mobile Salary is currently $33,000. This week, trade unionists and businessmen agreed to a 45% increase for all of 2022. The first increase will take place in April; in that month the minimum wage will go up to $38,940, a figure that probably still does not cover the essential food expenses of a family.
Parallel, the cost of the Total Basic Basket (CBT), which measures the poverty line, increased by 6.6%. Therefore, a family needed $83,807 to avoid being poorthe equivalent of 2.5 minimum wages.
This Tuesday the INDEC announced that February headline inflation was 4.7%, the highest in 11 months. The Food and Beverage division, the one with the highest incidence in the Consumer Price Index (CPI), showed a jump of 7.5%, a record since 2014 according to the index of the consulting firm Ecolatina.
Practically all the components of the item showed strong rises: vegetables shot up again close to 30% (due to drought and seasonal issues), while both packaged products for mass consumption (including dairy products) and meat climbed around 5% (there was missing in the property market according to analysts).
In annual terms, headline inflation was 52.3%, a figure almost identical to that of the CBA (52.2%), and higher than that of the CBT (44.5%). However, In the first two months of 2022, the CBA and the CBT jumped 13.5% and 10.1%, respectively, against an advance of 8.8% in the IPC.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
