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Montevideo, May 22nd 2019 - 14:54 UTC

The 'indigence' basic food basket in Argentina climbed 40% in 12 months

Friday, May 9th 2014 - 07:20 UTC
Full article 80 comments
To keep out of poverty an average Argentine family needs approx 600 dollars per month, according to FIEL To keep out of poverty an average Argentine family needs approx 600 dollars per month, according to FIEL

An average Argentine family during the month of April needed 4.779 Pesos (approx. 600 dollars) not to be included in the poverty category, which represents an increase of 1.6% over March, of 20% in the first four months of the year and 40.5% in the last twelve months, according to the latest report from the Latin American Economic Research Foundation, FIEL.

 According to FIEL, the basic food basket in the City of Buenos Aires, with which the indigence level is measured, a couple with two children needed 2.700 Pesos (approx 340 dollars) in April which represented a 2.5% increase over the previous month.

During the last twelve months “an additional 1.377 Pesos were needed for an average family to cover the cost of a poverty basket”. The difference results from comparing the total Basic Basket in April 2013 with the 4.779 Pesos of the same month this year.

This means that the Basic Food Basket in the first four months of the year increased 20.08% and climbed 45.5% compared to a year ago. Likewise the Total Basic Basket, jumped 19.4% in the four months running, and 40.5% over a year ago.

The Basic Food Basket only includes food items while the Total Basic Basket adds services such as power, cooking gas, transport, clothing and other items consumed by a family during a month.

Argentina's stats office Indec has ceased to publish data referred to the two basic baskets, food and total.

Categories: Economy, Argentina.

Top Comments

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  • CabezaDura2

    You have to make like 10 babies to recieve that amount from the government...LOL!
    AUH for each kid is $460

    Unemplyeed get anout $1750 for the Argentina trabaja plan.

    So that decreases the amount of kids to round to 6 and 7.

    There is about 150 different kind of subsidies and social plans like this in the Province of BsAs alone. Those are the two ones I can think about

    May 09th, 2014 - 11:06 am 0
  • GeoffWard2

    So INDEC has stopped publishing the Basic Basket and the Total Basket statistics.
    You don't need to be a genius to work out why they have stopped. But it does not make the increasing poverty go away.

    Why does FEIL *only* offer Basic Basket figures for the City of Buenos Aires? Surely the situation in the rest of the country is equally as bad.

    May 09th, 2014 - 11:25 am 0
  • yankeeboy

    My guess is poverty will be at or above the same rate when the Kthugs took over.
    50% by 2015.

    May 09th, 2014 - 11:38 am 0
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