Thus, an “equivalent adult” (male between 30 and 60 years old) needed $27,122 to avoid falling into poverty. In addition, a “typical” family (two adults and two children) needed $83,807 not to fall below that threshold.
This last number equals 2.5 minimum wages since currently at $33,000. In April it will rise to $38,940, after the first of four increases in the indicator that is used as a reference, mainly among informal workers and beneficiaries of social plans.
On the other hand, the value of the Basic Food Basket (CBA), necessary to cover the basic caloric needs of an equivalent adult, shot up 9% to $12,108, the new threshold that determined the indigence line in February. Therefore, a family needed $37,414 to not be considered indigent.
Businessmen and trade unionists recently agreed to raise the Minimum Vital and Mobile Wage by 45% throughout 2022. The number is below the private estimate of inflation, which is 55% according to the latest REM from the Central Bank.
In addition, if the rises in both the Consumer Price Index (it rose 4.7% in February) and the CBA and CBT in the first two months are annualized, the result would give price increases of around 70%.
Source: Ambito
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