According to a report published on Wednesday, the CBT increased by 3.9% in the eighth month of the year, while the CBA climbed by 5%, both variations below the general inflation, which was 5.1% according to figures from the same organization.
According to a report published on Wednesday, the CBT increased by 3.9% in the eighth month of the year
In August, a family from Buenos Aires needed $966,228 to cover the cost of the Total Basic Basket (CBT), which is used as a threshold to measure poverty, not counting the value of the rental of the home, plus expenses.. Likewise, this same family required $536,493 to reach the cost of the Basic Food Basket (CBA), which measures the poverty line.
According to a report published this Wednesday by the General Directorate of Statistics and Census of the Autonomous City of Buenos Aires (CABA), the CBT increased by 3.9% in the eighth month of the yearwhile the CBA climbed 2.8%.
The family used as a reference for these values includes a couple composed of a man and a woman, both 35 years old, economically active and homeownersplus two sons aged nine and six, respectively.
How much do you have to earn to be middle class in CABA?
A typical family from Buenos Aires, made up of a 35-year-old couple, homeowners, with two sons aged 9 and 6, needed income of $1,501,818.35 in July to be considered part of the middle class in the City of Buenos Aires, according to data provided by the General Directorate of Statistics and Census of CABA.
This value represents a increase of 3.6% compared to July. A year ago, the estimate was $363,666.30. The increase was 313%.
August inflation in CABA
The inflation rate that measures the City of Buenos Aires was 4.2% in August and 106.8% so far this yearaccording to data from the IPCBA. The year-on-year increase was 243.1%.
During August, the variation of the IPCBA responded to the increases in the following divisions: Transport, Housing, water, electricity, gas and other fuels, Food and non-alcoholic beverages and Health, which together accounted for 67.1% of the overall increase.
Source: Ambito
