Home South AmericaArgentina A family of four needed $78,624.46 to break the poverty line

A family of four needed $78,624.46 to break the poverty line

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The Consumer Price Index for January was 3.9%

The Indec pointed out that during the first half of the year, it registered that 40.6% of the inhabitants were below the poverty line, against 40.9% in the same period of 2020.

The cost of the Total Basic Basket (CBT), which measures the income threshold necessary for a family of four members not to be considered poor, rose 3.3% in January 2022 compared to the previous month and reached $78,624.46according to the latest survey of the National Institute of Statistics and Censuses (Indec).

Meanwhile, the cost of the basic food basket (CBA) rose 4.2% compared to December 2021, so that a typical family group made up of a couple with two children between six and eight years old needed to receive income from $34,333.82 in January, so as not to fall into a situation of indigence.

The basic food basket, which marks the threshold below which the indigence line falls, registered in January a year-on-year rise of 39.3%while the total basic basket, which in addition to measuring food prices also includes clothing and services, registered an increase of 44.7% compared to January 2021.

The CBA is made up of foods that allow an adult male between 30 and 60 years of age (considered “equivalent adult”) residing in Greater Buenos Aires and with moderate activity, to cover essential kilocalorie and protein needs for one month.

In the case of a family with only one member, the value of that basket went from $10,667.86 to $11,111.27 between December and January.

The latest INDEC measurement, released in October on census data during the first half of the year, recorded that 40.6% of the inhabitants were below the poverty line, compared to 40.9% in the same period in 2020.

Within this mediation of poverty, 10.7% were indigent compared to 10.5% in the first half of 2020.



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