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ECONOMY | 22-02-2019 18:00

Families needed $27,800 to beat the poverty line in January: Indec report

The Basic Food Basket and the Total Basic Basket both increased 3.7 percent in January of 2019, rising faster than inflation. Both indicators increased 55.8 percent from the first month of 2018.

The Basic Food Basket (CBA) and the Total Basic Basket (CBT) both increased 3.7 percent in January of 2019, Indec data reported Friday. Both indicators rose at a higher rate than Argentina’s 2.9 percent inflation over the course of the month. 

A household made up of of a married couple and three children (of about 5, 3 and 1 years old) in Greater Buenos Aires needed $11,124.85 to cover the basic food goods included in the CBA and not be destitute this January.

The same household would need to earn $27,812.14 to afford the CBT, including non-food goods and services like health, education, clothing, and transportation, and not fall below the poverty line.

Both baskets increased 55.8 percent from January 2018, also rising more quickly than the 49.3 percent year-on-year inflation reported by the CPI. 

The Institute also reported that a household composed of 3 people — a woman of 35 years, her son of 18 and her mother of 61 — needed $8,420.65 to  avoid destitution and $21,051.65 to fall above the poverty line.

A family made up of four members — a 35-year-old man, a 31-year-old woman, a n 8-year-old daughter and a 6-year-old son — needed an income of more than $10,577.16 to avoid destitution, and $26,442.92 to fall above the poverty line.

-TIMES/AFP

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