The price of the Basic Food Basket (CBA) increased by 103.8% during 2022, while that of the Total Basic Basket (CBT) rose 100.3%, reported the National Institute of Statistics and Censuses (Indec) when giving see the figures for December.
The 2022 inflation was the highest in the last 32 years and climbed to 94.8%. The survey of food prices carried out month by month by La Voz in supermarkets in Córdoba it gave an index similar to that of the Basic Basket and was 104%.
Inflation: how much does a family need to avoid falling into destitution and poverty
In this regard, in the last month of the year the CBA increased 5%, therefore a family group made up of a couple with two children, needed $67,187 to buy the essential food, and not fall into destitution.
The agency also reported that the cost of the CBT, which in addition to the minimum food for subsistence includes clothing and some services, increased 4.5% last month, for which the same family group needed to have an income of $152,515 to not fall below the poverty line.
#DatoINDEC
A family of four needed $152,515.29 to overcome the poverty line in December 2022: 4.5% more than the previous month pic.twitter.com/xJeVzWegmu— INDEC Argentina (@INDECArgentina) January 17, 2023
In this way, during the past year, the cost of the CBA increased 103.8%, while that of the CTB rose 100.3%, the agency reported.
Poverty in the third trimester
Meanwhile, according to a report from the Social Observatory of the Argentine Catholic University, the Poverty Index in the third quarter of the year reached 43.1%, once morest 42.4% in July-September 2021.
In addition, indigence, understood as the poor whose income is not enough to even buy the minimum food, reached 8.1%, below 9% for the same period in 2021.
All this occurred in twelve months in which the economy grew 4.8%, and inflation climbed to 83%, according to the National Institute of Statistics and Censuses (Indec).
The report from the UCA Social Observatory highlighted that “the post-pandemic scenario”, with the economic recovery, the increase in employment, the drop in unemployment and the reinforcements in social assistance “managed to attenuate or even reverse the growing trend of indicators of indigence and poverty?
Even ?in an increasingly inflationary scenario, there is no evidence of exponential growth in indigence and income poverty?. This is due ?to the efforts? both families, and ?public policy, to increase the number of labor and non-labor recipients (social plans) of households?.