A family of four is needed in October to avoid poverty income of at least $1,213,799; Meanwhile, data on the total basic basket (CBT) and basic food basket (CBA) reported by the National Institute of Statistics and Census (INDEC) showed that a person needed $544,304 to stay out of poverty.
of In both cases, the monthly variation was 1.9%below October’s inflation rate of 2.3%.
This year so far, CBA and CBT cumulatively increased by 14.7% and 12.2% As a result, the interannual fluctuations are 27.0% and 27.6%, respectively, which are also below the inflation rates for the first 10 months (24.8%) and interannual fluctuations (31.3%).
According to UNICEF, 3 out of 10 households with children cannot meet their living expenses.
The inflation rate in October was 2.3%. transportation (3.5%); This was followed by housing, water, electricity, gas, and other fuels (2.8%).
The sectors that had the greatest impact on monthly regional changes were: food and non-alcoholic beverages; Outside of Patagonia, Patagonia had the highest rates for housing, water, electricity, gas, and other fuels.
The two departments that left records are: The slight difference was in housing equipment and maintenance Recreation and Culture, both 1.6%.
Prices at category level Seasonality (2.8%) led the increase; This was followed by post-regulation (2.6%) and core CPI (2.2%).
Luis Caputo’s opinions on inflation
Economy Minister Luis Caputo highlighted the indicators recorded. “Deceleration compared to the same month last year for 18 consecutive months” “This year-on-year variation is the lowest since July 2018,” he said.
The Treasury Secretary highlighted that the inflation trend accumulated in the first 10 months of this year was “the lowest for this period of the year since 2017 (19.4%)”.
“The six-month moving average of general inflation continued to decline to 1.88%, the lowest level since January 2018,” he said.
“Thus, the disinflationary process continued despite the decline in currency demand caused by electoral uncertainty and the opposition’s attempts to break the fiscal anchor in recent months,” Caputo said.
About The Author
