According to the General Directorate of Statistics and Censuses of CABA, the Total Basic Basket had an increase of 9 percent in April compared to March
By iProfessional
11/05/2023 – 9.08 pm
In April, a typical family in the City of Buenos Aires needed to receive income of at least $119,742 so as not to be considered in a situation of indigenceand of $208,569 to stay below the poverty line. While to belong to the historic middle class, an income of at least $320,278 is already necessary. This is according to the data disseminated by the Buenos Aires General Directorate of Statistics and Censuses.
This way, The expenses of the Basic Food Basket (CBA), which mark the limit of indigence, had an increase of 11.04% compared to last month, being more than 3 percentage points above the inflation of the period, which was located at 7 .8%. Meanwhile, the index accumulated in twelve months reached 129.5%, higher by 19 percentage points than the 110.4% of the interannual inflation measurement. It is well represented in this comparison how inflation hits the poorest the hardest.
Regarding the Total Basic Basket (CBT), which establishes the poverty line, the monthly increase was 9.% (compared to March) and the year-on-year increase was 118.9%. Both baskets rose above average inflation.
The Total Basket (TC) that in different proportions delimits the fragile middle sector, the middle class and the wealthy sectors, rose 8.09% in the month and 117.687% in relation to March 2022.
The different levels of increase change according to the components of each basket. It is worth clarifying that a greater increase can be seen in the indigence basket than in the basic one. This is due to the greater relative weight of the food in the basket of indigence with respect to the total, how much with other goods and services that the person in a situation of indigence does not consume.
The analysis carried out by the statistical body of the City of Buenos Aires makes a great assumption, which is that the typical family defined in the report owns the property in which they live, with which their rental needs are covered.
The Total Basket that delimits the fragile middle sector, the middle class and the wealthy sectors, rose 8.09% in the month
The report indicates that said stratification provides, on the one hand, the possibility of identifying the most vulnerable sectors of society in terms of situations of indigence and poverty and, on the other, accounts for the heterogeneity of the non-protected sectors. poor in order to facilitate a more comprehensive analysis of the social situation of the City of Buenos Aires, that of each of the defined strata and its evolution over time.
Income Levels and Class
in situation of indigence: Households whose total monthly income is not enough to cover the Basic Food Basket (CBA – Indigence Line). During January, those who perceived income less than $119,742.07.
in situation of non-indigent poverty: Households whose total monthly income is not enough to cover the Total Basic Basket (CBT – Poverty Line) but allows at least to acquire the CBA. In this situation are those who perceive income between $119,742.08 and $208,568.75
not vulnerable poor: Households whose total monthly income is at least the CBT and does not reach the Total Basket (TC) of the Consumption Basket System. The range of families with income between $208,568.76 and $256,223.15.
Sector brittle medium: Households whose total monthly income is at least the TC and does not reach 1.25 times the TC of the Consumption Basket System. Income between $256,223.16 and $320,278.94
middle sector “middle class“: Households whose total monthly income is at least 1.25 times the TC and does not reach 4 times the TC of the Consumption Basket System. Perceiving income ranging from $320,278.95 to $1,024,892.64.
Sector accommodated: Households whose monthly income is 4 times or more the TC of the Consumption Basket System. From $1,024,892.65 onwards.
