A typical family needed almost $284,687 to not be poor

A typical family needed almost $284,687 to not be poor
September 15, 2023 – 16:10

In addition, the food basket (CBA) rose 17% in August, so a family group made up of two adults and two minors needed to receive income of $130,590 to avoid falling into destitution, reported the INDEC.

Basic basket jumped 14.3% in August: a typical family needed almost $284,687 to not be poor

Mariano Fuchila

The basic food basket jumped 17% in August while a family needed $284,687 to avoid being poorreported this Friday, September 15, the INDEC (National Institute of Statistics and Censuses). Both measurements rose above inflation, which was 12.4%maximum in 32 years.

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, excluding rent – It rose 14.3% in August and stood at $284,687 for a type of family four members (two adults and two minors).

In the case of three members These values ​​were located in the $226,644 and if they were five members, $299,428. These measurements increased by 137% annually. The CBA index measures the poverty line, therefore In August, an adult needed $92,132 to not be considered poor.

For its part, The Basic Food Basket (CBA), which determines the threshold of indigence, increased 17%, above the CBA. An adult needs at least $42,262 in August to not be homeless. In the case of For a typical family (four members), the figure was $130,590. In the case of three members ($103,965) and five, $137,352.

The National Institute of Statistics and Censuses (INDEC) released this Wednesday the inflation data for August, which was 12.5% ​​monthly and 124% year-on-year. Thus, 2023 accumulates a price increase level of 80.2% in the first eight months of the year. The category that rose the most was Food and drinkswhich registered a level of increases of 15.6% on averagefollowed by Health, with 15.3%.

Source: Ambito

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