According to the study accessed Ambita family of two adults and two small children who in June needed $45,404.21 to buy his essential food, a month later he required $50,411.85that is, 11.03% more, to purchase the same products and avoid falling below the indigence line.
On the other hand, the same family needed $112,922.54 (11% more than in June) to cover its Total Basic Basket (CBT), which includes a broader universe of essential products. The CBT, in addition to food, includes transportation, health, education, home maintenance, fees, fuel, clothing, etc., the possibility of access to which marks the limit to avoid falling below the poverty line.
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The ISEPCI measures 57 products of the Basic Food Basket (CBA) through its Neighborhood Price Index in 900 local businesses, located in 20 districts of the Buenos Aires suburbs.
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Food inflation: What increased the most in July?
Fruits and vegetables maintained the “leadership” of the increases: 17.47% in July and 74.57% since the beginning of the year. Meanwhile, warehouse products increased 14.53% and 64.53% in the same periods. Finally, meats increased 3.81% last month, and 43.81% since January.
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According to the report, in this part of the year the prices of staple foods rose systematically. “There were months like March that only increased 3.9%, others like April 8.8% and February 9.8%, passing through May and June in which the proportion of 4.2% was repeated, reaching in July the sad record 11%”he pointed.
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For national director of Isepci, isaac rudnikit is time to “stop” the inflationary impulse, which, according to him, is motivated by multiple causes that are difficult to address simultaneously. “This objective cannot be sought by slowing down economic activity and reducing the fiscal deficit by reducing State spending. On the contrary, the deficit in the public accounts must be reduced by increasing collection by imposing more tax contributions on the economic sectors, which have been increasing their already enormous profits”he claimed.
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Source: Ambito
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