The inflation data and increases in the Basic basket November were published by the National Institute of Statistics and Censuses (INDEC) on Saturday, December 17 and Tuesday, December 20, respectively. Although they were lower than expected increases, they were close to 5%.
General inflation for the month of November was 4.9 percentage points, 1.4% less than that of October. Due to this figure, the year-on-year price variation was located at 92.4%. For her part, the Basic basket Total (CBT) saw its value increase with respect to the month of October by 4.4%, remaining below the general inflation index by half a point. In the case of the Basket Basic Food (CBA), added 3.1%.
According to these data, it is known that a family of four members (two adults and two children) needed to receive 145,947 pesos in order not to be poor and 64,012 pesos in order not to fall below the line of indigence. In year-on-year terms, the variations in the Basic basket Total and the Basket Basic Food were 97.4% and 101.8% respectively.
If the period between December 2021 and the latest data for November 2022 is taken into account, the increases that occurred correspond to 91.7% for the CBT and 94.2% for the CBA. The CBA recorded a significant slowdown compared to the month of October, which saw an increase of 9.5% in it.
How the Basic Food Basket is composed
The CBA is determined taking into account the regulatory, kilocalorie and protein requirements essential for an adult man between 30 and 60 years of age to cover, during a period of one month, the mentioned needs. It is taken, in the first instance, as a reference to this subject and then the variables of age, sex and activity are applied to determine the needs of each group.
The foods that are part of the CBA are also selected based on the information collected in the National Household Expenditure Survey, that is, the eating habits of the Argentine population are taken into account. The Basic Basket for an adult was 20,716 pesos for the month of November.
