The data from the report of the General Directorate of Statistics and Censuses of the City showed that there were increases in prices. It was detailed, according to the type of basket, how much the porteños needed in order not to be indigent and poor, at the same time that the level of income to be of middle class.
How much did a family need in June 2022 to avoid being poor in the City
According to the survey, based on data from June 2022, a typical family (of four members) that lives in the City of Buenos Aires, needed to cover the Basic Food Basket (CBA) and not fall into indigence, income of at least $57,120.69. That is to say, an increase of 5.04% compared to May and 65.18% in the accumulated of the last twelve months.
Meanwhile, in order not to fall into poverty and cover the Total Basic Basket (CBT), a typical family needed in the City during June, income of $104,489.46. That is to say, 4.85% more compared to last May and an accumulated interannual rate of 60.77%.
How much did a family need in June 2022 to be middle class in the City
On the other hand, the report also highlighted how much income a family group had to generate to be middle class. To do this, he needed $160,849.88 and to reach the Total Basket (CT). In this way, it rose 4.57% compared to last May and 61.36% compared to June last year.
It should be clarified that both for the CBA, CBT and CT, the indicated amounts do not include housing rental expenses or common expenses, as they are not considered consumption expenses.
What was the trend of inflation in the City in June 2022
The evolution of baskets in June reflected a greater increase in food over spending on services and feeswhich are not part of indigence expenses, which is why the most vulnerable sectors had a higher percentage increase than the other social strata.
The situation is more evident in the year-on-year comparison, if one takes into account that the increases in the CBA are about four percentage points higher than those of the baskets that measure poverty and the middle class.
Unlike the INDEC, which only recognizes the categories of poor and indigent, the Buenos Aires Department of Statistics has six social strata in its classification. In that breakdown of categories, in June the categories were as follows:
- Indigence, up to $57,120.68
- Non-indigent poverty, from $57,120.69 to $104,489.45
- Not vulnerable poor, from $104,489.46 to $128,679.89
- Medium fragile sector, from $128,679.90 to $160,849.87
- Middle class, from $160,849.88 to $514,719.59
- Well-off sectors, $514,719.60 or more
Source: Ambito
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