2024-01-15 19:51:00
The cost of Basic Food Basket (CBA) went up 30,1% in December. This way, A family of four needed almost half a million pesos so as not to be poor at the end of 2023.
This was reported by the National Institute of Statistics and Censuses (INDEC). In this way, a household of two adults and two minors indicated income of $495,798 so as not to be in a situation of poverty at the end of Alberto Fernández’s mandate and the beginning of Javier Milei’s administration.
For its part, the Total Basic Basket (CBT) increased a 27% in the last month of the year, so a typical family required at least $240.679 so as not to be below the margin of indigence.
For its part, an adult person I need some $160.453 y $77.890 to be above some of the variables, while in a household of five members (made up of two adults and three children) it took more than half a million pesos ($521.471more accurately) and ones $253.141, respectively.
With these figures, it was confirmed that the variation of the CBA throughout 2023 was 258,2% while the increase in CBT was located in the 225,1%; Both figures, like their monthly counterparts, were above the Consumer’s price index Yearly, of 211.4%.
Increases in bus fares: they point out that the minimum would go to $240 in February
Food, the hardest hit by inflation in 2023
The data of the Basic basket disclosed by the INDEC They once once more made it clear that nutritional products were the main affected by the price increase throughout not only the twelfth month of 2023, but the entire year as a whole.
As reflected by the IPCpublished last week, these had a 29.7% increase in the last month, a value that is in line with the rise of the CBA. In this way, the increases during the past 365 days reached 251.3%making this the item with the most increases.
Regarding the products that were most significantly impacted, the cases of rice, minced meat, sugar and eggs stand outwhich had, like most cases, with increases above both the general variation and the sectorized variation.
- Chicken eggs – Dozen: from $401 to $1531, an increase of 281,8% in 2023
- Sugar – Kilogram: from $259 to $1,241, an increase of 379,1% in 2023
- Sunflower Oil – 1.5 liters: from $827 to $2099, an increase of 153,8% in 2023
- Plain white rice – Kilogram: from $206 to $1,513, an increase of 634,4% in 2023
- Common wheat flour – Kilogram: from $163 to $539, an increase of 230,6% in 2023
- Dry stew type noodles – 500 grams: from $184 to $873, an increase of 374,4% in 2023
- Fresh whole milk sachet – Liter: from $230 to $658, an increase of 186% in 2023
- French bread – Kilogram: from $336 to $1193, an increase of 255% in 2023
- Common minced meat – Kilogram: from $833 to $3,464, an increase of 315% in 2023
- Whole Chicken – Kilogram: from $455 to $1682, an increase of 269,6% in 2023
- Papa – Kilogram: from $204 to $677, an increase of 231% in 2023
Inflation in the first quarter: they expect figures similar to the December record
These data are given from the measurement of ‘average by item of the selection of foods, beverages and other items in the CPI basket’ from INDEC, according to the different regions (Greater Buenos Aires, Pampeana, Northwest, Northeast, Cuyo and Patagonia), and their respective comparison with the data corresponding to December 2022.
Month by month: changes in CBA and CBT for a typical family during 2023
Basic Food Basketwhich measures indigence:
- January: $72.043
- February: $80.483
- March: $87.719
- April: $94.148
- Mayo: $99.052
- June: $104.227
- Julio: $111.642
- August: $130.590
- September: $147.880
- October: $160.602
- November: $185.050
- December: $240.678
The market predicts a new devaluation that would complicate the Caputo plan
Total Basic Basketwhich measures poverty:
- January: $163.538
- February: $177.062
- March: $191.228
- April: $203.360
- Mayo: $217.915
- June: $232.426
- Julio: $248.962
- August: $284.686
- September: $319.422
- October: $345.295
- November: $390.456
- December: $495.798
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