The increases in the lowest and highest age groups were above the inflation rate for July, and the cost of child rearing tripled year-on-year.
He National Institute of Statistics and Census (INDEC) reported that to support a child In Argentina it cost up to $436,261 in July, including care expenses plus those related to goods and services.
The agency revealed that the Child Care Basket for early childhood, childhood and adolescence had a cost to cover the needs of a baby under 1 year of $352,561 in the seventh month of the year. While for children between one and three years old, the cost was $352,561. The cost reached $418,064, while for the age range of 4 to 5 it was $346,729. and for children from 6 to 12 years old, $436,261 was needed.
The increases in the lowest and highest age groups were above the inflation rate in July, which stood at 4%, increasing by 6.9% and 5.9%, respectively. Meanwhile, the year-on-year values for child rearing tripled.
In this way, the basket of children under one year old went from $120,970 in July 2023 to the current $352,561, For children between one and three years of age it rose from $142,436 to $418,064, for infants between four and five years of age it climbed from $112,640 to $346,729 and for adolescents between six and twelve years of age it rose from $142,033 to $436,261.
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How the INDEC parenting basket is measured
The INDEC obtains these figures from a comprehensive assessment that includes both the monthly expenditure to acquire the goods and services necessary for child development and the cost of care, calculated based on the time required for this activity. That is, it measures food, clothing, housing, transportation and care.
The indicator serves as a reference for judicial processes of separation of couples for the calculation of the alimony paid by mothers and fathers in litigation proceedings.
Source: Ambito
