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Staple foods increased just 1% in the City of Buenos Aires in August

2021-09-14T12:04:28.371Z

In order not to be poor, a typical family needs an income of $ 67,780 per month, not counting rent. Ismael Bermudez 09/14/2021 8:45 AM Clarín.com Economy Updated 9/14/2021 8:54 AM In August, the prices of basic foods in the City of Buenos Aires, which make up the homeless basket, increased by just 1%, registering a sharp slowdown compared to previous months, according to data from the Department of Statistics and Censuses . Based on these figures, and due to the weight of food in the total b



Ismael Bermudez

09/14/2021 8:45 AM

  • Clarín.com

  • Economy

Updated 9/14/2021 8:54 AM

In August, the prices of basic foods in the City of Buenos Aires, which make up the homeless basket, increased by just 1%, registering

a sharp slowdown

compared to previous months, according to data from the Department of Statistics and Censuses .

Based on these figures, and due to the weight of food in the total basic food basket,

the poverty line increased by 1.8%,

also slowing down compared to previous months.

Meanwhile, based on these figures, it is estimated that last month's average inflation in Buenos Aires will be

below 3%

.

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

These official data from Buenos Aires

anticipate the inflation figures for

last

month

that both the INDEC and the Buenos Aires Directorate will disseminate this Tuesday.


With these values, the indigence family basket - a typical family made up of a young couple and two minor children - was $ 35,700.

A year ago it totaled $ 23,487, which represents

an increase of 52%

.

Meanwhile, while

the family poverty basket reached $ 67,780

.

A year ago it was $ 45,933.

A rise of 47.6%.

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 be around $ 100,000.

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 $ 104,966, and that

to be considered “middle class”, the income of a

typical

family should have exceeded in August the $ 104,966

that, adding a modest rent, without expenses, would exceed $ 140,000.

To be considered

a 'wealthy' family

's

income

should be higher than

the $ 335,892.

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."

According to the latest measurement by the Buenos Aires Directorate, in the second quarter of this year

815,000 Buenos Aires lived in poor households,

26.4% of the 3,076,000 living in the City of Buenos Aires.

Meanwhile, among boys, girls and adolescents (0-17 years old), 40.7% lived in households living in poverty (288,500 people).

NE

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Source: clarin

All business articles on 2021-09-14

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