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A typical Buenos Aires family needs almost $30,000 per day to cover their expenses

2024-02-20T19:12:30.823Z

Highlights: A typical Buenos Aires family needs almost $30,000 per day to cover their expenses. In January, the Consumer Price Index increased by 20.6%, bringing accumulated year-on-year inflation to 254.2%. The 500gr Yerba Mate was worth $439 a year ago, while now it is $1,961.61 (346.86% more expensive) Official inflation was below the 25.5% that was recorded in December and the calculation of 21.9% estimated by the consulting firms.


There are $852,000 in the month, according to data for last January calculated by an official organization. This is the amount necessary to pay the typical consumption of the middle class in the City of Buenos Aires.


The rise in prices gives no respite.

A typical family in the City of Buenos Aires needed

a budget of $852,236.05 to cover all their expenses during January,

according to the survey carried out by the Consumer Education Services and Advice Center (CESyAC),

The most relevant increases in the category of mass consumption products were in

cleaning products (31.49%)

and packaged groceries (23.59%).

Within basic services, what rose the most were buses (45%), prepaid medicine (40%) and subways (37.5%).

This report tracks the prices of the basket of food and services, among several items, housing rent, the expenses of a 10-year-old car, the prepaid medicine subscription, the fee for a two-year private school. children and the family subscription in a club.

It is with these elements surveyed that the data emerges that a family needed

$28,407.87 per day in January to meet monthly expenses

;

$9,747.32 are to purchase mass consumption products and $18,660.55 are to hire basic home services.

In an interannual comparison, sky-high increases were also detected in the same product such as rice (500 gr), which became 772.32% more expensive (it cost $159.13 in February 2023 and is currently worth $1,388.14).

Meanwhile, mostachole noodles went from $193.45 to $992.40, which represents a variation of 413% in one year.

The 500gr Yerba Mate was worth $439 a year ago, while now it is $1,961.61 (346.86% more expensive).

official inflation

In January, the Consumer Price Index, which the INDEC uses to measure inflation, increased by 20.6%, bringing accumulated year-on-year inflation to 254.2%.

All in all, last month's inflation was below the 25.5% that was recorded in December and the calculation of 21.9% estimated by the consulting firms that participated in the Survey of Market Expectations (REM) carried out by the Central Bank. (BCRA).

Like private medications such as Cecyac, the item with the greatest increase in the month was "Miscellaneous goods and services" with 44.4%, as a result of the increase in Personal Care items.

It was followed by "Transportation", with 26.3%, due to the increases in public transportation and the drag of the increase in fuel, along with "Communication", with 25.1%, due to the increase in telephone and internet services.

Source: clarin

All business articles on 2024-02-20

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