24hoursworld

A middle-class family needed almost $1.3 million to live in CABA in May

A middle-class family needed almost .3 million to live in CABA in May
A middle-class family needed almost .3 million to live in CABA in May

Of this total, $803,990.28 (66%) was allocated to basic household services, while $445,323.01 (34%) was used for mass consumption products. The most notable increases were in the subway (359.20%), ABL (21.10%), mobile telephony (10%), cable TV and Internet (10%) and prepaid medicine (17.3%).

To avoid destitution, a minimum income of $486,068 was required, according to the General Directorate of Statistics and Censuses of Buenos Aires.

In May, A family needed a budget of $1,249,313.29 to cover all their expenses, according to a report from the Consumer Education, Services and Advice Center (CESyAC). Of this total, $803,990.28 (66%) was allocated to basic household services, while $445,323.01 (34%) was used for mass consumption products.

Inflation in May for the middle class stood at 6.2%, with a year-on-year price variation of 208.21%. Among mass consumption products, lThe greatest increases were observed in fruits and vegetables (15.25%) and meats (6.10%). Regarding basic services, the most notable increases were in the subway (359.20%), ABL (21.10%), mobile telephony (10%), cable TV and Internet (10%) and prepaid medicine ( 17.3%).

How much did you need to cover monthly expenses?

The report, associated with the Buenos Aires leader Fernando Barrera, carried out a detailed monitoring of the prices of the basket of foods and services. ANDThe survey included elements such as housing rent, expenses for a 10-year-old car, payment of prepaid medicine, private school fee for two children and family membership in a club.

With these elements, it is concluded that One family needed $41,643.78 per day in May to cover monthly expenses; Of this amount, $14,844.10 was allocated to mass consumption products and $26,799.68 to basic household services.

Furthermore, the year-on-year comparison showed significant increases in several products. For example, the price of rice (500 gr) rose 629.90%, from $221.78 in June 2023 to $1,618.74 currently. Toilet paper (4 units) increased 522.46%, from $563.82 to $3,509.56. Tomatoes (1 kg) also experienced a notable increase of 386.89%, from $969.34 to $4,719.61 in one year.

food prices inflation fruits vegetables.jpg

Reuters

It is worth remembering that in recent days the information was known that in May, a typical family in the City of Buenos Aires She needed at least $1,339,751.45 to be considered middle class and $860,100 to avoid falling below the poverty line.

To avoid homelessness, minimum income was required of $486,068according to the General Directorate of Statistics and Censuses of Buenos Aires.

In that sense, the Basic Food Basket (CBA), which defines the indigence threshold, increased by 4.04% compared to the previous month, aligning with the City’s inflation, which was also 4.04%. In year-on-year terms, the CBA grew by 286.7%, exceeding the year-on-year inflation of 280.9% by almost six percentage points.

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts