Total Basic Basket News Today

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 governments Stats Office, Indec.

Argentinas basic food basket rose 3.2% in September, according to data released Tuesday by the National Institute of Statistics and Census (Indec).

The latest data from Argentinas National Institute of Statistics and Censuses (Indec) show that the poverty index has reversed a meager 1.4 % during the first half of 2021.

Argentina registered inflation of 36,1% in 2020, with the declining rate during three quarters, picking up strongly in the last three months particularly basics such as food which is serious since almost half of the Argentine population are cataloged as poor or living below the poverty line.

An average family of four in Argentina, without paying rent needs US$ 362 to keep above the poverty line; this compares with US$ 340 in November. Argentina registered inflation of 36,1% in 2020, with the declining rate during three quarters, picking up strongly in the last three months particularly basics such as food which is serious since almost half of the Argentine population are cataloged as poor or living below the poverty line. In effect, according to the stats offic...