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Prices slow down in the City: in July, staple foods increased 2.2%

2021-08-11T11:27:54.947Z


According to data from the Buenos Aires Department of Statistics and Censuses. It is discounted that the average inflation for last month will be slightly below 3%.


Ismael Bermudez

08/11/2021 8:14 AM

  • Clarín.com

  • Economy

Updated 08/11/2021 8:14 AM

In July, the prices of

basic foods in the City of Buenos Aires increased 2.2%

, registering a sharp slowdown compared to previous months, according to data from the Department of Statistics and Censuses. 

Based on these figures, and by the weight of food in the Price Index, it is estimated that

the average inflation in Buenos Aires last month will be slightly below 3%.

It is necessary to go back to last February, with 2.9%, to find a Buenos Aires inflationary mark below 3%.

In June, average inflation was 3.2% with a rise in the first half of the year of 23.4%

These official data from Buenos Aires anticipate the inflation figures for last month that the INDEC and the Buenos Aires Directorate will disseminate this Thursday.

Thus, in 7 months it would accumulate an increase of 27%.

Meanwhile, with an increase of 2.4% in March, the total basic food basket - which determines the poverty line - was located for a typical family - young married couple and 2 minor children -

at $ 66,545.

A year ago it was $ 44,818.

An increase of 48.5%.

The total basic basket or "of poverty" of Buenos Aires, in addition to food, includes other items but not the rent of the house

.

Thus, the basic Buenos Aires basket for a family that rents a modest home would exceed $ 90,000.

Even with the slowdown last month,

the family homelessness line amounted to $ 35,340 versus $ 22,858 in July 2020: an increase of 54.6%

.

Based on the poverty line, the Directorate considers that these families are vulnerable or of a fragile middle class if they have incomes between $ 66,545 and $ 102,765, and that to be considered “middle class”, the income of a typical family should have exceeded in March the $ 102,765 that, adding a modest rent, without expenses, would exceed $ 130,000.

To be considered

a “well-off” family, income should be greater than $ 328,847.76

.

The Buenos Aires Directorate considers that this stratification corresponds "to a household made up of a 35-year-old female and male couple, both economically active and homeowners, with two 9 and 6-year-old male children."

Look also

Wages lost again in June against inflation

Inflation: the CPI could pierce the 3% floor in July and they expect it to fall even more in August

Source: clarin

All business articles on 2021-08-11

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