It should be noted that this report tracked the prices of the food and services basket. The survey includes, among several items, housing rental, the cost of a ten-year-old car, the payment of prepaid medicine, the fee for a private school for two children and the family membership in a club.
“The price indicators sustain unbridled growth and are increasingly high. It is that, where a typical family needed in the City of Buenos Aires during June a budget of $222,671.20 to meet all their expenses,” the report detailed.
And continued: “Of that amount, $161,434.37 (73%) are to contract basic services for the home, while $61,236.83 (27%) to purchase mass consumption products. Meanwhile, June inflation was in the order of 3.44% while the year-on-year price variation was 54.08%”he added.
Inflation: where the biggest increases were seen in June 2022
The most relevant increases in the category of mass consumption products were in beverages (11.73%) and packaged foodstuffs (5.36%). As for basic services, the most resounding increases were recorded in school fees (11%), prepaid medicine (10%), details the CESYAC survey.
expenses per day
From these data, it was possible to deduce that in the month of June, a typical middle-class family needed $7,422.37 per day to meet monthly expenses. From this figure, it can be deduced that $2,041.22 went to purchase mass consumption products and $5,381.14 to hire basic household services.
Year-on-year comparison: increases of more than 100%
Meanwhile, in the comparison between June 2021 and June 2022, there were increases in the same product, such as the kilo of carrots, which became more expensive by 201.05% (it cost $63.39 in July 2021 and is currently worth $190.83). Meanwhile, the kilo of white onion went from $61.19 to $148.06, which represents a variation of 141.97% in one year.
A kilo of common minced meat was worth $317.80 a year ago, while now it is $724.82 (128.08% more expensive). However, the only product that fell in price compared to last year was a kilo of potatoes, which cost $80.20 and is now $78.60, that is, 1.99% cheaper.
Source: Ambito
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