The Limited Times

Now you can see non-English news...

The basic basket jump in January: a family needed $ 40,373.01 not to be poor

2020-02-18T19:36:36.096Z


Essential food prices advanced 5.7%, on average, compared to December.


02/18/2020 - 16:08

  • Clarín.com
  • Economy

The National Institute of Statistics and Census (Indec) reported on Tuesday that the prices of the Basic Food Basket (CBA) advanced 5.7% in January compared to last December and its interannual variation amounted to 55.8 percent.

According to official data, the monthly jump was the highest since last November, when the values ​​of the CBA advanced 6.3%.

Meanwhile, the variation of the total basic basket (CBT) was 3.6% and the progress of this indicator compared to January 2019 was 52.7% respectively.

With these data, Indec concluded that "a family of four members needed $ 40,373.01 to exceed the poverty line in January 2020"

The evolution in 2019

The cost of the products that make up the (CBA) rose 52.8%, on average, throughout 2019, which determined that a family consisting of two adults and two minor children needed income of $ 15,584.14 to avoid falling In destitution.

Meanwhile, the cost of the Total Basic Basket (CBT) also rose 52.8% over the past year, which meant that a family needed to reach income of $ 38,960.33 in order not to fall below the poverty line.

Source: clarin

All business articles on 2020-02-18

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.