The tenant basket is made up of the values of the Total Basic Basket prepared by INDEC and the values of rent and expenses
The Total Basic Basket which publishes monthly the INDEC established that in August a family needed $939,887 in order not to be poor. Taking this data, the NGO Inquilinos Agrupados created the “Canasta Inquilina” (Tenant Basket), which involves the calculation corresponding to the Total Basic Basketbut adding two fundamental expenses that affect millions of Argentines: rent and expenses.
How much was the tenant basket in August?
In this way, the calculation corresponding to the month of August established that an adult person needs $721,914 to be able to face a rent and the Total Basic Basket from INDEC. Similarly, a couple needs $1,161,114, while a A family consisting of two adults and two minors requires $1,655,425 to cover the renter’s basket.
In August, the Consumer Price Index (CPI) of INDEC had a general increase of 4.2% compared to July. While in the housing, water, electricity and other fuels category it was 7% according to this organization, the values of rentals increased by 8.73% in the same period.
In particular, the prices of rentals For a single-person household they increased by 8.4%, for a household consisting of a couple they increased by 9.8% and for a household consisting of four members they increased by 8%.
On the other hand, the Total Basic Basket The number of tenants for single-person households increased by 6.8% year-on-month, for couple households there was an increase of 6.4% and for four-member households there was an increase of 5.8% compared to July 2024.
How much does a rental cost today?
The average price of rent The price of a two-room apartment in the City of Buenos Aires increased by 4.5% in August, slightly above the monthly inflation (3.8%), and stands at 485,881 pesos per month. In 2024, it accumulates an increase of 45%, below the annual inflation rate. Small apartments are those with the highest price increases in the year.
A 40 m2 studio apartment is rented for $407,026 per month, a two-room apartment of 50 m22 for $485,881 monthly and a three-room apartment of 70 m2, for $656,551 per month.
The rental price of new contracts is at 4.5% monthly, while in the last twelve months, it has accumulated an increase of 144.3%advances below inflation (235.2%) and the ICL adjustment (244.5%).
Source: Ambito
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