A “typical” family needed almost $940,000 to avoid being poor in August

Official data published this Wednesday by INDEC showed that the CBT accelerated strongly compared to 3.1% in July. It happened in line with a worse-than-expected headline inflation figure by most private consulting firms.

In parallel, the value of the basic food basket (CBA)which functions as a threshold of indigence, grew 3.9%also above the 3.1% of the previous month. Therefore, a family consisting of two adults and two children required at least $421,474 to avoid falling into poverty.

It is worth remembering that the CBA takes into account the essential calorie requirements for an adult male between 30 and 60 years of age, with moderate activity, considered “equivalent adult”The CBT also includes non-food goods and services.

Inflation accelerated in August, driven by increases in transport and fares

During this day, INDEC also announced that Inflation accelerated to 4.2% in August, a figure that was above the 3.9% expected by analysts, according to the latest Market Expectations Survey (REM) conducted by the Central Bank (BCRA).

Among the divisions with the greatest impact within the Consumer Price Index (CPI), those that increased the most were those of housing (+7%) and transport (5.1%)The adjustments approved by the Government in the rates of public services and public transport explained a large part of this dynamic.

These increases They also put pressure on the cost of CBTMeanwhile, the food and non-alcoholic beverages division of the CPI showed an increase of 3.6%, slightly lower than the increase in the CBA.

In the cumulative total for 2024, general inflation reached 94.8%. In parallel, the total basic basket increased by 89.6% and food (which had risen significantly in December after the devaluation) did so by 75.1%.