2023-08-09 22:40:00
A typical family needed $249,648 in July to avoid being poor in the city of Buenos Aires. At the same time, they needed $138.535 so as not to fall below the destitution line. This was reported by the General Directorate of Statistics and Censuses (DGESYC).
The measurement of the Total Basic Basket (CBT)which defines the poverty threshold, yielded an increase of 5.8% in relation to June and a variation of 121.4% compared to July 2023. The accumulated was 63,2%.
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It should be noted that this basket does not take into account the payment of rent or expenses. If the value of an average rental in CABA is added to the total indicator -$149,117 for a two-room apartment, according to official figures-, that family clan would require at least $400,000 to avoid being poor. At once, to be considered middle classthat same family needed an income greater than $384.417.
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On the other hand, the Basic Food Basket (CBA)which marks the level of indigence, grew at the same monthly and interannual rate. It only includes expenses related to food and leaves out consumption in education, clothing or leisure, among others. The increase in the first seven months of the year was 66,2%.
According to the guidelines established by the DGESYC, a Buenos Aires-type family is made up of a couple made up of a woman and a 35-year-old man, both economically active and homeowners, with two male children aged 9 and 6.
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Inflation in CABA: the CPI exceeded 7% in July
He Consumer’s price index of the City of Buenos Aires (IPCBA) registered in July an increase of 7.3%, in line with the private estimates for the general CPI measured by the National Institute of Censuses and Statistics (INDEC), which will be released on the Monday following PASO.
As for the Buenos Aires metrics, they accumulated a rise 62.3% between January and July of the current year, while the trajectory year-on-year stood at 117.9%. Therefore, the two baskets that measure indigence and poverty moved above the inflation index.
Inflation in CABA: the items that increased the most in July
The heading “Housing, water, electricity and gas” recorded the highest rise between July 2022 and July 2023, standing almost at 141%. She followed close behind”restaurants and hotels”, with the 137,8%. In third place was “Education” when climbing 123,4% and fourth place went to “Foods” with an update of 119,2%.
In monthly terms, the categories that climbed the most were “Restaurants and hotels” (12.4%), “Recreation and culture” (11.5%), “Education” (11%), “Health” (8%), “Housing, water, electricity and gas” (6.9%) y “Food and non-alcoholic beverages” (5.6%).
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