a typical family needs more than $191,000 to not be poor

a typical family needs more than 1,000 to not be poor

During March, the monthly variation of the basic food basket (CBA) was 9%, while the variation of the total basic basket (CBT) was 8%.

The basic food basket jumped 9% in March, while a family needed $191,228 to avoid being poorreported this Thursday, April 20, the INDEC (National Institute of Statistics and Censuses). In both measurements they were above last month’s inflation, which was 7.7%.

So, the total basic basket– which includes the Basic Food Basket (CBA) plus non-food goods and services such as clothing, transportation, education, health, among others – rose 8% in March and settled at $191,228 for a family type of four members (two adults and two minors).

In the case of three members These values ​​were located in the $152,240 and if they were five members, $201,130. These measurements increased 113.2% annually. This index measures the poverty threshold, therefore an adult needed $61,886 in March to not be considered poor.

For his part, the Basic Food Basket (CBA), which determines the threshold of indigence, increased 120.1% per month, above the CBA. An adult needs at least $28,388 in March to not be homeless. In the case of For a typical family (four members), the figure was $87,719. In the case of three members ($69,835) and five, $92,261.

It should be noted that inflation in March reached a very high 7.7%which represents the highest level since April 2002 (when the CPI climbed to 10.4% in April of that year, after the exit from Convertibility), even exceeding the rise of 7.4% in July 2022 .

Food and non-alcoholic beverages had an increase of 9.4% (slightly less than the 9.8% of February), influenced by the inertia of recent months, but also by the effect of drought and bird flu. In this sense, meat, which climbed more than 10%.

Source: Ambito

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