A typical family in Buenos Aires needs almost $30,000 a day to cover their expenses

The price increase gives no respite. A typical necessary family in the city of Buenos Aires a budget of $852,236.05 to cover all expenses for January, According to the survey conducted by the Center for Educational Services and Consumer Advice (CESyAC),

The most significant increases occurred in the consumer products category cleaning products (31.49%) and packaged foods (23.59%). Within basic services, those that increased the most were buses (45%), prepaid medicines (40%) and subways (37.5%).

This report tracks the prices of the basket of food and services, among other items, the rent of the house, the costs of a 10-year car, the prepaid subscription to medicines, the tuition of two years of private school. membership in a club.

It is with these collected elements that we obtain the information a family needed in the month of January. $28,407.87 per day to cover monthly expenses; $9,747.32 is used to purchase mass consumer products and $18,660.55 is used to rent basic household services.

In an inter-annual comparison, dramatic increases were also detected for the same product such as rice (500 g), which became more expensive by 772.32% (it cost 159.13 dollars in February 2023 and is currently worth 1,388.14 dollars) .

Meanwhile, mostacole noodles went from $193.45 to $992.40, which represents a 413% change in one year. A year ago the 500g Yerba Mate was worth 439 dollars, while now it costs 1,961.61 dollars (346.86% more).

official inflation

In January, the consumer price index, used by INDEC to measure inflation, increased by 20.6%, bringing cumulative year-on-year inflation to 254.2%.

Overall, last month’s inflation was lower than the 25.5% recorded in December and the 21.9% estimated by consultancies that participated in the Central Bank’s (BCRA) Market Expectations Survey (REM). ).

Like private drugs like Cecyac, the item that saw the biggest increase in the month was “Miscellaneous goods and services” at 44.4%, due to the increase in personal care items.

This is followed by “Transport”, with 26.3%, due to the increase in public transport and the slowdown of the increase in fuel, and “Communications”, with 25.1%, due to the increase in telephone services and Internet.