CABA: Basic alimony rose 9.83% and one family needed to earn more than $190,000 to avoid being poor in March

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Due to the skyrocketing price of meat, milk and dairy products, vegetables and fruit, the prices of basic foods increased in March they increased by 9.83% against an average inflation of 7.1% in the city of Buenos Aires.

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The main impulses in Food came from Meat and derivatives (12.6%), Milk, dairy products and eggs (10.1%), bread and cereals (6.3%), vegetables, tubers and legumes (11.2%) and fruit (10.9%).

For their part, in 12 months, all alimony accumulates a three-digit increase.

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On average it is 117.4% which is divided into: Bread and cereals with an increase of 105.2%; Meat and derivatives 103.7%; Fish 117.0%; Milk, dairy products and eggs 113.7%; Oils, butter and other fats 131.5%; Fruit 162.1%; Vegetables, tubers and legumes 112.8%; Soft drinks 106.6% and other foods 106.6%.

THE homeless line for a typical household it exceeded $100,000: it reached $107,836. So in just in the first 3 months of this year, the basic basket of poverty in Buenos Aires -equivalent to the inflation of the poorest sectors- increased by 29.3%.

Due to the incidence of the City of Buenos Aires, it is assumed that national price indices and basket values ​​- which INDEC will release next week – will approach these percentages.

Meanwhile, after rising 6.78% in January, 7.19% in February, the basket of poverty rose 9.23% in March with the cost rising from $175,080 in February at $191,241, excluding rentaccording to data from the Directorate of Statistics and Censuses of the city of Buenos Aires.

If you add a modest rent, in order not to be poor you need a typical family (married couple and 2 minor children) over $260,000.

With these values, the line of poverty increased by 117.4% in 12 months ($49,062 to $107,836) and that of poverty 111.4% ($90,467 to $191,241).

The 9.83% increase in the prices of branded staple foods strong acceleration. In November it was 3.8%. In December of 5.1%. 7.75% in January, 9.29% in February and 9.83% in March, and the April measurement is also expected to show high percentages due to, among other things, fruit and vegetable price increases, dairy products and sodas.

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

These values ​​explain why poverty continues to grow because, although there were higher levels of employment, precarious jobs are concentrated in the informal sectors, with lower incomes, and also why wage increases for regular workers have been lower than inflation.

In turn, to cover the costs of an average sectorincome expected to exceed $293,925.57, not counting any rent. If so, they should top $370,000.

In the city of Buenos Aires in the fourth quarter of 2022, poverty was 16.9% of families (228,000 households) and 22.1% of individuals (680,000).

Poverty has reached 5.4 percent of households (73,000) and 7.7 percent of individuals (237,000), according to the CABA’s Directorate of Statistics and Census report.

Source: Clarin

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