In just 3 months, due to the devaluation and jump in value of the basic basket, 3.6 million new poor were addedcoming mainly from professional and salaried middle class. Poverty increased from 38.5% in the third quarter of last year, at 46.3% in the fourth quarter of 2023. An increase of 7.8 points.
The calculation is Martin Rosadadirector of the University’s Master in Econometrics Tella Universitywho added it For January the projection would be negative 46.8%.. This equates to 21.8 million poor people if you project that rate across the entire country, including the rural population.
Inflation in January was 20.6%, but in the poorest regions or provinces the average price increase was higher. For example, in Tucumán inflation was 24.1%, according to that province’s Directorate of Statistics. In December the yield was 24.5%.
With these values, poverty in the second half of 2023, standing at 42.7%, would exceed the 40.2% recorded in the second half of 2023 and 39.2% in the second half of 2022.
INDEC data shows that the poverty basket increased by 72.9% in the fourth quarter of 2023, peaking at 27% in December, after the peso devaluation. Throughout 2023, The increase in the poverty threshold was 225.1% against an average inflation of 211.4%.
In January, the basket of poverty for an adult it was $193,146 and for a typical household $596,823without considering the rent.
Meanwhile, in the fourth quarter of 2023, formal and informal salaries increased by an average of 28.7% and 152.7% over the past year, in both cases inflation well below average and the increase in the poverty threshold.
In 2023, with the inflationary leap in December, pensioners and pensioners had a loss of between 14.2% – in the case of those who received the bonus for minimum salaries – and 32.3% for average salaries and more tall. And in January and February 2024 they received the same as December, with inflation in those 2 months at 45%.
It is estimated that the child poverty (under 14 years) which in the third quarter was 54.8%, it would have exceeded 60% in the last three months of last year.
The INDEC does not disseminate the quarterly data on indigence and poverty due to the alteration caused in the measurement by the collection of the half bonus, in the months of June and December. This is why it publishes this data every six months, taking into account the periods January-June and July-December.
The incidence of poverty and destitution will be released in the second half of 2023 next March 27th.
However, through the dissemination of microdata from the Permanent Survey of Families and Income Distribution it is possible to calculate a set of social indicators with the care of comparing homogeneous neighbourhoods.
With this clarification, specialists managing these INDEC programs can calculate these key indicators.
Source: Clarin
