In line with the slowdown in inflation, the cost of baskets also registered smaller variations than in September.
He cost of the Total Basic Basket (CBT), that determines the poverty line, rose 2.3% in October nationwide. It was about the narrower variation since November 2021.
Thus, a “type” familymade up of a 35-year-old man, a 31-year-old woman, a 6-year-old son and an 8-year-old daughter, she needed $986,586 to not be considered poorin accordance with the INDEC parameters.
For its part, the Basic Food Basket (CBA)which measures the poverty line, increased 1.4%. Therefore, a family needed $434,620 so as not to be considered destitute.
The CBA was determined taking into account the calorie requirements for an “equivalent adult” (male between 30 and 60 years old, moderately active). In turn, the foods and their quantities were selected based on the consumption habits of the population based on the information provided by the National Household Expenditure Survey (ENGHo).
To determine the CBT, the CBA was expanded considering non-food goods and services. The estimate was obtained through a coefficient that evaluates the relationship between food expenses and total expenses observed in the reference population.
In year-on-year terms, the food basket registered an increase of 170.6%while the variation of the total basic basket was 185.7%. Both were below general inflation, which in the same period was 193% according to INDEC itself.
Likewise, in the accumulated of 2024 the CBA and the CBT rose one 80.6% and a 99%respectively, while the Consumer Price Index (CPI) showed an increase of 107%. In October, the CPI climbed 2.7% and it also surpassed the baskets that contemplate movements in the prices of goods and services consumed by the most vulnerable population.
Source: Ambito
