This index, explained the foundation, “allows monthly analyzes of the evolution of the standard of living and anticipates whether the situation has improved or worsened since the publication of the last poverty report,” which INDEC released on January 19.
Last Monday, the body led by Marco Lavagna released the salary index for November last year, which showed a monthly rise of 3.9%, with growth of 4.5% in the registered private sector, 4.3 % in the unregistered and 2.7% in the public sector.
Compared to November 2020, the nominal improvement was 52.2%, higher than inflation for the period, with growth of 34.4% in the non-registered private sector, 55.5% in the registered private sector and 58.2% % among public sector workers.
On the other hand, the CBT, which marks the limits of poverty, had an increase of 2.1% in the same month compared to October and 42.8% year-on-year.
Thus, a family of four needed that month to have an income of at least $73,918 in order not to be poor.
According to Libertad y Progreso, “this implied, for example, that a family with income around $60,000 earned 8.9% of the purchasing power of the CBT compared to a year before and 5.7% of the Food Basket ( CBA).”
“In light of the latest data, since the middle of last year the deterioration in the purchasing power of wages would have stopped,” the foundation added.
In this regard, he pointed out that in the accumulated from January to November 2021 “the standard of living has improved by 12.2 percentage points, taking the Basic Basket”, although a declining trend is observed, with a decrease of 38.2% in relation to August 2013, when workers reached the highest point in living standards in recent years.
Source: Ambito
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