The cost of the Basic Food Basket (CBA) increased 7.1% in September, with a year-on-year increase of 89%, so that a couple with two children needed to receive $56,732 to acquire the minimum amount of food and not fall into the indigence reported this Wednesday the National Institute of Statistics and Censuses (Indec).
Meanwhile, the cost of the Total Basic Food Basket (CBT), which marks the threshold below which one falls into poverty, reached $128,214 in September, with an increase of 7.1% per month.
In the first nine months of the year, the value of the CBA increased 64.8%, while that of the CBT advanced 60.2%. This difference between both baskets is due to the fact that the prices of transport fares and public services had increases below those of food. Between September of this year and the same month of 2021, the price of the CBA increased to 78.4% and that of the CBT to 73.1%.
The gap between the CBT and the CBA is precisely the effect of food, since the CBT also captures basic services whose rates have not yet registered the announced increases, which caused it to be below the general CPI.
#DatoINDEC
A family of four needed $128,214.11 to break the poverty line in September 2022: 7.1% more than the previous month https://t.co/2hGgtYkxwe pic.twitter.com/BeKH6dmO8Z— INDEC Argentina (@INDECArgentina) October 19, 2022
