a family needed more than $1 million in November to not be poor

a family needed more than  million in November to not be poor

December 11, 2024 – 16:38

The increase in basic baskets was between 1.1% and 1.5%, according to the INDEC measurement. It should be noted that these measurements do not consider the value of the rental in the basket.

Reuters

A type familyof two adults and two minors, needed at least $1,001,466.22 in November for not be considered pooraccording to the National Institute of Statistics and Censuses (INDEC). The increase of the total basic basket (CBT) was from 1.5% in the face of inflation 2.4% in that same month.

If a family received less than $439,239.58 in Novemberis considered indigent. The basic food basket (CBA) increased 1.1%, less than half of the Consumer Price Index (CPI) figure.

It should be noted that these measurements consider that the family owns a home, therefore, It does not include the rental value within the basket.

In year-on-year terms, the food basket registered an increase of 156.5%while the variation of the total basic basket was 137.4%. Both were below general inflation, which in the same period was 166% according to INDEC itself.

Likewise, in the accumulated of 2024, the CBA and the CBT rose one 82.5% and a 102%, respectively, while the CPI showed an increase of 112%.

Measuring the baskets

The CBA is 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.

Source: Ambito

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