A family needed to add $29,710.39 (+26.99%) to their resources, to acquire the same essential food, which responds to an increase greater than the devaluation. For its part, the year-on-year rise reached 167.05%.
Last July, a family of two adults and two children needed in the Buenos Aires suburbs, $110,079.26 to cover his expenses feeding basic throughout the month. Only thirty days later -in August- the value of the same basket reached $139,789.65, that is, the family needed to add $29,710.39 (+26.99%) to their resources, to acquire the same essential foods, which responds to an increase greater than the devaluation. For its part, the year-on-year rise reached 167.05%.
This is the result of ISEPCI monthly survey (Institute for Social, Economic and Citizen Policy Research) from the Neighborhood Price Index (IBP) in shops close to the Popular neighbourhoods of twenty districts of this region of Buenos Aires.
On the other hand, the Total Basic Basket (CBT) that adds to basic foods a universe of essential products for daily life, such as education, health, clothing, transportation, fares and others, had a similar monthly increase of 26.99%. , and year-on-year of 164.67%.
The cost of the CBT for a family of two adults and two small children, for the first time in August exceeded the barrier of 300 thousand pesos: $311,730.92. That is, $66,254 more than in July.
The changes in the prices of the different items that make up the CBA show some striking results. The whopping 27% monthly increase was mainly driven by the rise of the meats which exceeded 48%, and 168% annually. On his side the fruits and vegetables they lead the annual “ranking”: since August 2022 they have risen more than 200%, and almost 20%, in August. They were left behind warehouse goods: almost 17.57% per month, 152.53% per year.
Food: which products increased the most in August
– Butcher shop
- 1kg buttock: 59.09%
- 1kg of palette: 57.11%
- 1kg of minced meat: 56.67%
- 1kg of meat: 50.15%
- 1kg of roast: 49.75%
– Store
- 1kg of bread, 1kg of cuartirolo cheese, 1kg of salami: 25%
- 1kg of sugar: 23.19%
- 500g of yerba: 21.54%
- 1kg polenta: 20.47%
- 100gr of butter: 18.42%
Greengrocery
- 1kg of potato: 30.95%
- 1kg of banana: 30%
- 1 dozen eggs: 25%
- 1kg of chard: 24.74%
- 1kg tomato: 20%
Source: Ambito
