A family made up of four members needed income of $145,948 in November to not be considered poor and $64,012 to not fall below the indigence line, according to the National Institute of Statistics and Censuses (Indec).
The total basic basket (CBT) and the basic food basket (CBA) were set at this monthly value, respectively. The monthly evolution of both baskets was below the general inflation index, which advanced 4.9% last month.
The CBT (which sets the poverty line) rose 4.4% in November and 97.4% year-on-year, while the CBA (sets the indigence line) increased 3.1% in the month while in the last 12 months advanced 101.8%.
For an older adult, the CBT for November was $47,232 and the CBA was $20,716.
A family of four needed $145,948 to overcome the poverty line in November 2022: 4.4% more than the previous month https://t.co/L1E1WLWuVF pic.twitter.com/3Xd9kJHYs3
— INDEC Argentina (@INDECArgentina) December 20, 2022