What’s more, the account exceeds $266,000 when it comes to preteens. The study presents the valuation of the parenting basket of early childhood, childhood and adolescence (0 to 12 years).
It includes both the Monthly cost to acquire the goods as the cost of care that arises from the valuation of the time required for said activity.
The latest data presented by the organization indicates that to raise a child under one year of age the cost is equivalent to $208,489 per month.
This value is made up of $67,601 in goods and services; and $140,887 for care expenses.
Breeding basket: values according to age
When it comes to children 1 to 3 years the cost is higher. After the latest increases, $248,303 per month is needed for each child of that age. In that case, the goods and services have a value of $87,289, while the cost of care amounts to $161,014.
He Cost drops sharply in the age range of 4 to 5 years. According to data published by the organization, children of that age demand $111,173 per month for goods and services, plus $100,634 for care, which adds up to a total of $211,807 pesos.
While, older children, ranging from 6 to 12 years old, They demand a monthly expense of $266,263, made up of $128,352 for care and $137,911 for goods and services.
Although the numbers are high (they exceed the minimum vital and mobile wage of $156,000), they maintain a slower rate of increase than general inflation. The raising basket for a child under one year old, for example, went from $197,046 in December 2023 to $208,489 in January of this year, which marked an increase of “only” 5.80%.
Inflation: the cost of having a child rises below the CPI
In December the Consumer Price Index (CPI) had an increase of 25.5%, while in January the increase was 20.6%.
That of December was the highest monthly variation since the exit of convertibility. This means that expenses associated with children had an increase 19.7 percentage points lower than general inflation.
If the results are analyzed in detail, it is found that the great difference between the “foster basket” and the “IPC” occurred in the cost associated with care.
This measurement variable remained fixed at $140,887 between December and January (children under one year old). Goods and services, on the other hand, became more expensive by 20.37%, going from $56,158 to $67,601 between December and January. The same trend is observed in the different age ranges.
What happened in the last month regarding prices is not new.
In fact, if a long-term comparison is made, it is confirmed that the cost of supporting a child almost always rises below the CPI.
Taking the last twelve months as a reference, it is found that between January 2023 and the same month of this year, The cost of raising a baby under one year old went from $74,985 to the aforementioned $208,489showing an end-to-end increase of 178.04%.
In that same period, the CPI registered a variation of 254.2%, that is, 76.16 percentage points more.
The difference is always explained by care costs, while goods and services They tend to rise at a similar rate to the rest of the prices in the economy.
Source: Ambito
