The expenses of the Basic Food Basket (CBA), which mark the limit of indigence, had an increase of 11.04% compared to March. At the poverty line, the increase was 9%.
A type family in the City of Buenos Aires needed in April income of at least $119,742 not to be considered destitution and of $208,569 to avoid staying below the poverty line. Meanwhile, to belong to the middle class income of at least $320,278.
In this way, the costs of the Basic Food Basket (CBA)which mark the limit of indigence, had an increase of 11.04% compared to last monthbeing located more than 3 percentage points above inflation for the period, which was 7.8%. Meanwhile, the accumulated in twelve months reached 129.5%, higher by 19 percentage points than 110.4% of the interannual inflation measurement.
This is according to data released by the General Directorate of Statistics and Censuses of the City.
Regarding the Total Basic Basket (CBT), which establishes the poverty ceiling, the monthly increase was 9.% (compared to March) and the year-on-year of 118.9%. Both baskets, went up above inflation average.
The Total Basketwhich in different proportions delimits the fragile middle sector, the middle class and the wealthy sectors, it rose 8.09% in the month and 117.687% in relation to March 2022. The different levels of increase change according to the components of each basket: you can notice a greater increase in the indigence basket than in the basic one.
This is given by the greater relative weight of food in the indigence basket with respect to the totall, which has other goods and services that are not consumed by the person in a situation of indigence. The analysis carried out by the statistical agency of the City of Buenos Aires makes a great assumption, which is that the type family defined in the report owns the property in which they livewith which the rental needs are covered.
The report states that This stratification offers, on the one hand, the possibility of identifying the most vulnerable sectors of society in terms of situations of indigence and poverty and, on the otheraccounts for the heterogeneity of the non-poor sectors in order to facilitate a more comprehensive analysis of the social situation of the City of Buenos Aires, that of each one of the defined strata and its evolution over time.
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- In a situation of indigence: households whose total monthly income is not enough to cover the Basic Food Basket (CBA – Line of indigence). During April, those who received income less than $119,742.07 belonged to this interval.
- In a situation of non-indigent poverty: households whose total monthly income is not enough to cover the Total Basic Basket (CBT – Poverty Line) but allows at least to acquire the CBA. In this situation are those who receive income between $119,742.08 and $208,568.75.
- Vulnerable non-poor: households whose total monthly income is at least the CBT and does not reach the Total Basket (TC) of the Consumption Basket System. The range of families with income between $208,568.76 and $256,223.15.
- Fragile middle sector: households whose total monthly income is at least the TC and does not reach 1.25 times the TC of the Consumption Basket System. Income between $256,223.16 and $320,278.94.
- Middle sector “middle class”: households whose total monthly income is at least 1.25 times the TC and does not reach 4 times the TC of the Consumption Basket System. Receiving income ranging from $320,278.95 to $1,024,892.64.
- Affluent sector: households whose monthly income is 4 times or more the TC of the Consumption Basket System. From $1,024,892.65 onwards.
Source: Ambito
