The basic food basket increased 2.6% in October and a typical family needed $ 72,365 to avoid being poor

The Total Basic Basket (CBT) registered an increase of 2.6% in October, so that a typical family – made up of two adults and two minors – needed $ 72,365 to avoid falling into poverty.

This is clear from the data published this Thursday by the National Institute of Statistics and Censuses (Indec).

While, the Basic Food Basket (CBA) grew 3% in the same month, which placed the income required by the same family group at $ 30,925 in order not to fall below the indigence line.

The report comes days after the agency reported 3.5% inflation in October, which accumulates 52.1% in the last twelve months.

The increase in prices, especially in food, is one of the biggest problems that neighbors face when going to the supermarket. That is why the government implemented a freeze of 1,650 products until January.

In the same way, the Executive Power informed that it will keep frozen the values ​​of all prescription drugs, also until next year.

However, the projections are not encouraging. After knowing the inflation data for October, economists predict that the variable will remain -in November- with a rise of around 3%. Or perhaps, a little less, if the price freeze implemented by the Government manages to stop – to some extent – the inflationary advance.

Poverty in Argentina

In September, the Indec reported that the percentage of poverty was 40,6% in the first semester of the year, while the level of extreme poverty stood at 10.7% in the same period.

“With respect to the second semester of 2020, the incidence of poverty registered a reduction of 0.4 percentage points in households and 1.4 points in individuals. On the other hand, in the case of extreme poverty, it showed an increase of 0.4 points in households and 0.2 points in individuals “, indicated the INDEC. In the first half of 2020 poverty was 40.9%.

The 40.6% registered for the first semester is equivalent to 18,500,000 persons, projecting the data released by INDEC to the entire country, including rural areas. Of that total, 4,900,000 are destitute because they have an income below the cost of basic food.

On the other hand, by age range, and despite social aid, child poverty stands out among those under 14 years of age: 54.3% or 5.8 million girls and boys are poor, just 2 points less than the 56.3% of the first half of 2019 and 3.4 points less than the 57.7% of the second half of last year.

This means that between 5 and 6 out of 10 boys under 14 years old live in poor households. Almost a third (31.2%) of the poor are under 14 years of age.

By Editor

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