The increases in the lowest and highest age groups were in line with the inflation rate in August, and the cost of childcare tripled year-on-year.
The increases in the lowest and highest age groups were in line with the inflation in August, which stood at 4.2%.
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 Early Childhood, Childhood and Adolescence Parenting Basket had a cost to cover the needs of a baby under 1 year of $367,027 in the eighth month of the year. While for boys between one and three years, the cost reached $435,256, while for The age range of 4 to 5 was $361,197 and for Children from 6 to 12 years old needed $454,568.
The increases in the lowest and highest age groups were in line with the inflation in August, which stood at 4.2%.. Meanwhile, child-rearing values tripled year-on-year.
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
