A Buenos Aires family needed $138,657 in October to avoid being poor

The evolution of the baskets in October reflected a greater increase in food with respect to expenses in services and tariffs.

A family of four members living in the city of Buenos Aires needed to receive income of at least $76,427.08 in October to not be considered in a situation of indigence, $138,656.50 to not be included in poverty, and $212,554.85 to be considered middle class, according to the data released by the Buenos Aires General Directorate of Statistics and Censuses.

In this way, the expenses of the Basic Food Basket (CBA), which mark the limit of indigence, had an increase of 8.82% last month, which reached 99.5% in the accumulated of the last twelve months , exceeding by almost two percentage points the monthly mark of September, which had been 6.84%, and by more than nine points the interannual measurement, which was 90.38%.

In the case of the Total Basic Basket (CBT), which establishes the poverty ceiling, the monthly increase was 7.62 (against 6.34% in September) and the interannual one of 91% 83.92% (83.92% in the previous month), while the Total Basket (TC), which in different proportions delimits the fragile middle sector, the middle class and the wealthy sectors, rose 7 .28% 6.44% in the month (higher than 6.44% in September) and 88.21% in relation to October last year (82.31% in the previous measurement).

The amounts indicated do not include the payment of housing rent or common expenses, as they are not considered consumption expenses.

The amounts indicated do not include the payment of housing rent or common expenses, as they are not considered consumption expenses.

The evolution of the baskets in October reflected a greater increase in food with respect to the expenses in services and tariffswhich are not part of indigence expenses, which is why the percentages of this last stratum had a higher increase than that of the others.

The situation is similar in the interannual comparison, if one takes into account that the increases in the CBA are between eight and eleven percentage points higher than those of the baskets that measure poverty and the middle class.

The National Institute of Statistics and Censuses (Indec) will announce this Thursday its measurement of basic baskets.

This is a piece of information that will gain additional importance due to the fact that the segmentation criteria for subsidies for public utility rates exclude users with incomes greater than 3.5 times the CBT from the benefit.

If the measurement of the Buenos Aires Statistics Department were taken as a reference, that level would come to be located at $485,297.75 per month.

Unlike INDEC, which only recognizes the categories of poor and indigent, its CABA counterpart has six social strata in its classification.

In October, the resources needed to be included in each category were the following: in a situation of indigence, up to $76,427.07; non-indigent poverty, from $76,427.08 to $138,656.49; and vulnerable non-poor, from $138,656.50 to $170,043.87.

In the case of the fragile medium sector, from $170,043.88 to $212,554.84; middle class, from $212,554.85 to $680,175.51; and wealthy sectors, $680,175.82 or more.

A Buenos Aires family needed $138,657 in October to avoid being poor