Destitution threshold jumped by 5.2% in June

The destitution threshold in June was AR$104,227 for a family of four

The cost of a basic food basket in the Greater Buenos Aires Area increased by 5.2% in June, according to a report by the National Institute for Statistics and Census (INDEC) released on Wednesday. That means that a family of four needed AR$104,227 (US$370 at the official rate, US$211 at the MEP dollar rate) that month not to be considered destitute.

The INDEC considers a family “destitute” when their monthly income is less than the basic food basket. A family is considered to be in poverty if they earn less than the basic food basket plus services, known as the total basic basket. The INDEC reported that the poverty threshold for June was AR$232,426 — a 6.7% increase.

The year-on-year increase for the basic and total food baskets was 124% and 123% respectively.

According to INDEC’s latest poverty figures, corresponding to the second semester of 2022, 39.2% of Argentines were poor and 8.1% were destitute —  the numbers represent a 3.3% increase in poverty compared to the first semester of 2022, and a 0.7% increase in destitution numbers.

—With information from Télam


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