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MercoPress, en Español

Montevideo, April 19th 2024 - 14:59 UTC

Tag: Total Basic Basket (CBT)

  • Monday, March 18th 2024 - 10:35 UTC

    Argentines faring worse off under Milei

    Average salaries are not enough to purchase one basic food basket and Argentines are looking for second jobs to make ends meet

    Despite the apparent success of Argentine President Javier administration's policies to curb inflation, various reports last week showed plummetting figures regarding economic activity and welfare. To fight growing retail prices, the Libertarian Government authorized imports of yerba mate, dairy products, meat, rice, and even sugar.

  • Wednesday, June 22nd 2022 - 10:44 UTC

    More poverty and misery ahead for most Argentines as food prices soar

    The Total Basic Basket reached 100,000 Pesos in May, with an annualized inflation of 54,66%, six points less than official overall inflation of 60%

    An Argentine household needs a monthly income of at least 100,000 Pesos equivalent to US$ 781 at the official rate, (128 Pesos to the dollar) or US$ 454 (free market, 220 Pesos to the dollar) to remain just above the poverty line, according to the latest estimate from the government's Stats Office, Indec.

  • Saturday, July 31st 2021 - 07:13 UTC

    Hard times for Argentine families to remain above the poverty line

    The Minimum Basic Salary in Argentina is the equivalent of US$ 272 and US$ 151 (based on the two exchange rates), which is below the indigence reference.

    An Argentine standard family of two adults and two children needed the monthly equivalent of US$ 664 or US$ 380 (depending on the official or free money exchange market) to be considered above the poverty line during the month of June. July figures will be released in fifteen days.

  • Wednesday, May 20th 2015 - 05:00 UTC

    Argentine inflation for April: official index 1.1%; Congressional index, 2.1%

    The Congressional index (2.1%) is closer to that of Buenos Aires City, 2.4%, ruled by opposition presidential hopeful Mauricio Macri

    Inflation in Argentina during April reached 2.1% and 29% in the last twelve months according to the latest release from private consultants, an average of which is announced every month as the 'Congressional index' by members from the Lower House Freedom of Expression committee.