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The cost of Basic Food Basket (CBA) recorded in August a increase of 7.1%. Thus, a typical family made up of two adults and two minor children needed to receive income from $52,989 to acquire the minimum amount of food and not fall into destitution. The information was confirmed by the National Institute of Statistics and Censuses (Indec).

Meanwhile, the cost of the Total Basic Basket (CBT), which marks the threshold below which one falls into poverty, was $118,756 in June, with a monthly increase of 7.6%. Headline inflation hit the Food and Non-Alcoholic Beverages division hard. In the first eight months of the year, the value of the CBA increased 60.8%, while that of the CBT advanced 57.3%.

This difference between both baskets is due to the fact that the prices of transport fares and public services had increases below those of food. Between August of this year and the same month of 2021, the price of the CBA increased to 81.4% and that of the CBT to 75.2%. The Consumer Price Index increased 7% during July, and accumulated a rise of 56.4% for the eighth month, and 78.5% in the last 12 months.

The impact on food

The Secretary of Commerce denounced these increases through the Electronic System of Publicity of Argentine Prices (KNOW). Updated information about the prices of the main supermarket chains that sell more than 57,000 products mass consumption throughout the country.

Through his Twitter account, Matías Tombolini denounced “A sprawl of prices of products in supermarket chains of the AMBA» during September. Following this, he announced that they will “regularly publish a list of 30 products that increase the most during the fortnight» to inform Argentines about the variation in inflation.

Source: Elintransigente

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J. A. Allen

Author, blogger, freelance writer. Hater of spiders. Drinker of wine. Mother of hellions.

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