The cost of Total Basic Basket (CBT) rose 20.4% in Januaryso a couple with two children needed to receive income from $596,823 to avoid being below the poverty lineThe National Institute of Statistics and Censuses (INDEC) reported this Wednesday.
It is a basket that, In addition to food, it includes other items such as clothing and transportation, and does not take into account the rental value of a home.
Meanwhile, the Basic Food Basket (CBA) rose 18.6% in the first month of the yearso the same typical family needed to receive income of $285,661 to avoid falling into a situation of destitution.
Indec also reported that the Consumer Price Index rose 20.6% during January, below 25.5% in December.
The Basic Food Basket quadrupled in 12 months
Thus, The CBA accumulated an increase of 296.4% in the last 12 months; while the CBT rose 263.9% in the same period.
During the first month of the year, the item Food and Beverages increased 20.4%, in line with the level of retail inflation.
The INDEC plans to report on March 27 the Poverty and Indigence Index for the second half of 2023, a year that ended with an inflation of 211.4%, against a Salary index that rose 152.7%.
Last week, the Minister of Human Capital, Sandra Pettovellosigned agreements for 20,000 million pesos for the purchase of 5 million units of food with the United Nations Development Program (UNDP) and the Organization of Ibero-American States for Education, Science and Culture (OEI) within the framework of the expansion of the Food Program Community Approach.
These agreements will ensure that purchasing processes are carried out under standards of transparency and accountability, significantly improving the effectiveness and integrity of food distribution to the most vulnerable sectors of society. In addition, it will allow the adoption of criteria based on technical and nutritional specifications, instead of commercial brands, and will promote the participation of a wide range of suppliers, from large companies to small local producers, the official statement highlighted.
Source: Ambito
