According to the weekly survey carried out by the Secretariat of Economic Policy in charge of Gabriel Rubinsteinin the week from November 6 to the 12th of the same month, the prices “At the retail level they would have risen 2.2%”. This configures the latest official data on consumer prices before the runoff next Sunday.
According to this index, higher than average increases stand out (2.2%), Warehouse Foods and Beverages (3.4%), Fruits (3.3%), Meats (2.8%) and Regulated Foods (2.9%). %). Likewise, below the average are: Clothing (1.4%) and Vegetables (2.1%).
Inflation: slowdown underway
It should be noted, as the official document does, that according to the survey carried out by the Government, the price increase for the second week of November presents a slowdown, taking into account that the registration for the first week of the month was 2 ,4%.
Likewise, the document highlights that, during the week analyzed, “greater stability” was recorded in warehouse food and beverages, regulated goods and services, “despite the fact that these items reflected average weekly variations greater than the general level due to the effect of statistical carryover of the increases that occurred in the first days of the month.”
Differences with the INDEC measurement
In October, the main differences with the INDEC occurred “in Clothing Vegetables, whose prices varied less than estimated by this Secretariat,” states the official text.
And he highlights: “After the August peaks of around 15%, in the accumulated 4 weeks, the registrations have decreased, registering a minimum of 7.2% on 10/8/2023.” In the registration of the 4 weeks accumulated as of 11/12/2023, the increases have been 9.0%.
“As expected, the weekly price survey carried out by the secretariat advanced the dynamics of deceleration which recorded the data published by the INDEC for the month of October,” concludes the official report.
Basic Basket: how was this week’s data
This week, the Basic Food Basket data released by INDEC was also known, which revealed that, during October 2023, the monthly variation of the basic food basket (CBA) was 8.6%, while the of the total basic basket (CBT) was 8.1%. This reflects that, given that inflation, according to the consumer price index (CPI) was 8.3% in the same month, the increase in food prices rose more than the average expenses for Argentine families. .
To cover the basic food basketa typical family (of four members) needed $160,603 in Octoberwhile to solve the total basic basketthe amount needed was $345,295.The variations of the CBA and the CBT were 158.6% and 147.1%, in interannual termsand accumulated increases of 139.0% and 126.4% during the year, respectively.
Although considerable increases are observed in the tenth month of this year, it is worth mentioning that both indicators reflected a slowdown compared to August and Septemberwhen they registered increases of 17% and 13% respectively in the case of food and 14.3% and 12.2% for the total (against 8.6% and 8.1% in October).
Basic basket: how much did living cost for each type of family
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 without counting rent – rose 8.1% in October and was placed at $345,295 for a typical family of four members (two adults and two minors).
In the case of three members These values were located in the $274,895 and if it stops five, at $363,175. The CBA index measures the poverty line, therefore In October, an adult needed $111,746 to not be considered poor.
For its part, the Basic Food Basket (CBA)which determines the threshold of indigence, increased 8.6%, above the CBA. I need at least one adult $51,975 in October to avoid being homeless. In the case of a typical family (four members) the figure was $160,603. In the case of three members $127,858 and for five, $168,919.
Source: Ambito
