In order not to be poor, a family needed to exceed $139,000 in income in October.  Photo: Orlando Pelichotti / Los Andes.
  • Post author:
  • Post category:News
  • Post comments:0 Comments

According to data collected by the National Institute of Statistics and Censuses (INDEC), in October the basic basket was increased by 9%.

In order not to be poor, a family needed to exceed $139,000 in income in October. Photo: Orlando Pelichotti / Los Andes. (Orlando Pelichotti/)

From here it follows that a typical family needed $139,738 to stay out of poverty, and $62,106 to stay in poverty.

The total basic basket is made up of food, as well as basic goods and services, such as housing. In October, it amounted to $45,223 per person. The indigence line was positioned at $20,099 per person.

If the measurement is made year-on-year, the basic food basket and the total basic basket increased by 100.8% and 93.1% respectivelywhich means that they have been located above the inflation index.

What was surveyed by INDEC indicates that the family income to overcome the poverty line is (values ​​per person): $45,223.

While if you want to exceed the line of indigence, you must earn more than $20,099 per month.

The government is concerned about the inflationary situation in November.  Photo: Illustrative image / Web.

The government is concerned about the inflationary situation in November. Photo: Illustrative image / Web.

The Government worried about inflation in November

After knowing the inflation for October, which was 6.3%, generating a year-on-year rate of 88%, several private consultancies project that the Consumer Price Index (CPI) will be positioned at a floor of 6% for Novemberwhich results in the accumulated value exceeding 100% by the end of the year.

The Survey of Market Expectations (REM) estimates that inflation for the eleventh month of the year will be 6.2%.

Leave a Reply