In order not to become poor, the family needed $1,213,799 in October

In order not to be poor, she needs a family of four in October Income of at least $1,213,799, While in order not to fall into poverty, $544,304 was needed, according to data on the Total Basic Basket (CBT) and the Basic Food Basket (CBA), reported by the National Institute of Statistics and Censuses (INDEC).

the The monthly variance in both cases was 1.9%which is lower than the inflation rate of 2.3% in October.

So far this year, CBA and CBT combine increases of 14.7% and 12.2%. This resulted in annual changes of 27.0% and 27.6%, respectively, which are also lower than the inflation rate in the first 10 months (24.8%) and between years (31.3%).

Three out of ten families with children cannot make ends meet, according to UNICEF

The inflation rate, which reached 2.3% in October, was driven by increases in Transportation (3.5%) Followed by housing, water, electricity, gas and other fuels (2.8%).

The section with the greatest influence on regional monthly variation was Food and non-alcoholic beverages, With the exception of Patagonia, which recorded the highest incidence of infection in housing, water, electricity, gas and other fuels.

The two sections that were recorded The minor differences were home equipment and maintenance Entertainment and culture by 1.6%.

And at the price category level The seasonal increase (2.8%) was led by Followed by the Organization (2.6%) and the core CPI (2.2%).

Luis Caputo’s opinion on inflation

Economy Minister Luis Caputo highlighted the recorded indicator “Eighteen consecutive months of slowdown compared to the same month the previous year.” He stressed that “this annual variation is the lowest since July 2018.”

The head of the Treasury Palace noted that the accumulated inflationary dynamics in the first ten months of the year were “the lowest for this period of the year since 2017 (19.4%).”

He said, “The 6-month moving average of general inflation continued to decline and reached 1.88%, which is the lowest since January 2018.”

“Thus, the process of deceleration in inflation continued despite the decline in demand for funds resulting from electoral uncertainty and attempts by the opposition to break the fiscal anchor in recent months,” Caputo said.