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 year-on-year increase for the basic food basket and the total basic basket were 120.1% and 113.2% respectively. The figures for poverty and destitution are significantly higher than the general inflation rate for March, which totaled 7.7%, and year-on-year, which was 104.3%. During the first three months of the year, the basic food basket surged 30.6%, while March’s inflation increased by 21.7%. In their general inflation report, the INDEC said that the “foods and non-alcoholic beverages” had a 9.3% monthly hike, above general inflation.

Source: Bueno Aires Herald April 21, 2023 22:21 UTC