In the last month alone, the variations were between 13.42% and 14.03%, above both the advance of inflation (11%) and the Total Basic Basket (11.9%) and the Basic Basket Food (10.9%).
To support only one child, a family needed between $282,025 and $355,836 during March in Argentina. The data comes from the Breeding Basket published by INDEC.
The report includes four budgets according to the age of the minors. The current values are the following:
- Under 1 year: $282,025
- From 1 to 3 years: $335,312
- From 4 to 5 years: $249,458
- From 6 to 12 years old: $313,672
Thus, so far in 2024, increases of between 31.73% and 46.61% have been recorded depending on the category. In the last month alone, theThe variations were between 13.42% and 14.03%, above both the advance of inflation (11%) and the Total Basic Basket (11.9%) and the Basic Food Basket (10.9%).
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The basket includes both the cMonthly cost to acquire goods and services for the development of infants, girls, boys and adolescents, as well as the cost of care that arises from the valuation of the time required for said activity. The Indec report indicates that, so far in 2024, the increases depending on the age range were between 31.73% and 46.61%, depending on the age range.
Furthermore, just in the last month, The variations were between 13.42% and 14.03%, so the Breeding Basket increased above inflation, which was around 11% in March; above the evolution of the Total Basic Basket, which rose 11.9%, and the Basic Food Basket, which experienced an increase of 10.9%.
Finally, if we compare the value of the last Basic Parenting Basket in relation to the Minimum Living and Mobile Wage ($202,800)it can be seen that in March, the minimum wage was only enough to cover 67% of the costs of raising a child, while at current values, it is alreadye takes almost 50% of the average salary ($619,007) or Ripte.
Breeding Basket
To calculate the breeding price, the index is based on two aspects. On the one hand, it takes into account the cost of goods and services necessary: food, clothing, transportation, education, health, housing, among others.
On the other hand, add the cost of required time for the care of minors. This aspect takes into account the remuneration of the “Assistance and care of people” category of the Special Contract Regime for domestic employees.
Source: Ambito
