Basic basket: A typical family needed $1,690,000 in October to avoid poverty

Basic basket: A typical family needed $1,690,000 in October to avoid poverty

The National Institute of Statistics and Censuses (INDEC) has released a fundamental update on living costs in Argentina, revealing that the costs of basic needs required to avoid indigence and poverty increased significantly in October. This measurement reflects an acceleration in the prices of both the food and total consumption baskets, surpassing the variations recorded in previous months and marking an upward trend that directly impacts households’ purchasing power. The report breaks down the amounts required for different types of families, establishing clear reference lines based on the total basic basket for poverty and the food basket for indigence. These figures show that even for households with few members, costs have risen, highlighting the continuous inflationary pressure on the population’s essential needs. This document is relevant to the field of open data because it provides official, standardized, and detailed information on key social indicators. By making these data accessible, it facilitates transparency and enables researchers, civil society organizations, and citizens to independently analyze the evolution of poverty, promoting a more informed society capable of demanding evidence-based, up-to-date public policies.

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