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The basic basket shot up 9% in October

The basic basket shot up 9% in October

In turn, a household with three members required $111,248 to not be considered poor, and a family of five required $146,973. While in order not to be considered indigent, a family of three needed $49,443 and a family of five needed $65,321.

At the end of the first semester of the year, 36.5% of the country’s inhabitants were below the poverty line, and among them, 8.8% were indigent, that is, they did not have enough money to buy the minimum amount of food to eat.

The poverty index fell 0.8 percentage points compared to the end of last year, when it reached 37.3%, but the indigence index increased 0.6 points, which was at 8.2%, reported INDEC.

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The very high increase in the baskets in October could be expected based on the monthly jump that some essential goods had had, published in the consumer price index, which was released this Tuesday. By case, milk increased 17.3% in October; sunflower oil, 13%; and some fruits and vegetables had even more pronounced rises.

The Government aims to break the impact of inflationary inertia in the consumption basket of lower-income households with the new Fair Prices program and the “4×4 plan”, which consist of an agreement for mass consumption companies to keep the price fixed. price of about 2,000 products for 120 days and increase no more than 4% per month for another 30,000 items during the same period.

Source: Ambito

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