Cities: In 2022, prices of basic foods will increase by 107.9%

During 2022, the prices of basic foods increased by 107.9% In the city of Buenos Aires, inflation well above the average of 93.4%, according to data from the Directorate of Statistics and Censuses of the city of Buenos Aires. .

As a result, the price increase It hit low-income families hardest. who devote 100% of their meager income to food.

This values explain why homelessness continues to riseor because, moreover, the highest levels of employment are concentrated in the informal sectors of precarious jobs, with lower incomes.

According to the Buenos Aires Directorate, “292,000 salaried men and women – 25.4% of the total – make up the entire population without registration in social security or who contribute exclusively on their own without their employer making the expected pension discounts From law. This means that one employee out of four is in precarious working conditions”.

Thus, in December, a Buenos Aires family of 4 members (married couple and 2 sons aged 9 and 6) already had an income of 83,374 dollars for not being destitute. This value is 5.1% higher than the November measurement and 107.9% higher than the $40,101 in December 2021.

While the poverty line rose to $152,963, without considering the cost of the rent. It is 5.6% higher than last November’s measurement and 100.8% higher than December 2021 values, according to data from the Directorate of Statistics and Censuses of the city of Buenos Aires.

With the cost of renting an apartment in a middle-class neighborhood, the basket of poverty would rise to $220,000, far below the wage levels of most undeclared wage earners and even a good many registered wage earners.

In December, the largest increases in food came from Bread and cereals (5.0%), Milk, dairy products and eggs (4.2%) and Vegetables, tubers and legumes (6.8%). The price of meat and derivatives, on the other hand, had an increase of less than 1.9%.

During 2022, vegetables stood out with 150.4%, oils with 127.6% and fruit with 124%.

Meanwhile, the official report finds that a 4-member household with an income between $152,963 and $235,188 is either vulnerable or part of a fragile middle-class sector.

Instead, the 4-member household would need to have an income of more than $235,188 to be considered middle class. These values ​​assume that families own their own homes. Otherwise you would have to add the rent.