The Government will have a key week since it will be known this Tuesday inflation Octoberthe September wage index and the basic baskets from last month.
As regards the inflation rate according to projections could be at 3% or even at a floor of 2.7%. For its part, last week the inflation data in the City of Buenos Aires was known, which was 3.2% in October, a measurement that is generally always higher than the national cost of living.
So far this year until September, the INDEC price index showed an increase of 101.6%, while in the last 12 months it accumulated 209%. With a new slowdown, year-on-year inflation could be below 200%.
As for the wagesthe last measurement in August, revealed that among private, public and unregistered, there was an increase 5.7% in and they beat inflation again for the fifth consecutive month (4.2% in that month).
However, salaries increased 200.6% in the year compared to a consumer price index (CPI) of 236.7% (yoy – yoy)that is, they exhibited a loss of 10.7% in terms of purchasing power, according to economist Pablo Ferrari.
Basic baskets: how much is needed to not be poor
While waiting for the October data, it is worth remembering that the cost of Total Basic Basket (CBT)which measures the poverty line, increased 2.6% in September. In this way, youA “typical” family needed $964,620 to not be considered poor.
According to data published by INDEC, both CBT and Basic Food Basket (CBA)which is used as a threshold to evaluate indigence, rose below general inflation, which in the ninth month of the year was 3.5%. In order not to fall into destitution, the same family mentioned above, composed of a 35-year-old man, a 31-year-old woman, a 6-year-old son and an 8-year-old daughter, required a minimum income of $428,720.
It is worth remembering that the CBA was determined taking into account the kilocaloric and protein regulatory requirements essential for a adult male between 30 and 60 years old (considered “equivalent adult”)of moderate activity, cover those needs for a month.
Meanwhile, CBT incorporates non-food goods and services considered essential for human development, considering what portion of their income the population usually allocates to spending on food and what portion to the rest of the products they consume.
With the numbers released this day, The CBA accumulated an increase of 78.1% in the first nine months of 2024, while the increase in the CBT was 94.6%. Both baskets grew less than the Consumer Price Index (CPI) of INDEC itself, which in the same period rose 101.6%.
In year-on-year termsthe comparison was similar: general inflation was 209%CBT increased 202% and the food basket did it in a 189.9%.
Source: Ambito
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