Basic food basket jumped 5.7% in January, retail inflation 2.3%

An Argentine type family (two adults and two minors) needed in January the minimum income of AR$40,373 ($654) to not fall below the poverty line, and AR$16,478 ($ 267) to avoid indigence, said the National Institute of Statistics and Censuses (Indec). This means that the Basic Food Basket (CBA), which gathers the minimum amount of food for subsistence rose 5.7% monthly; while the Total Basic Basket (CBT), which in addition to food includes transport and some clothing, increased 3.6%. During January retail inflation amounted to 2.3%, the lowest since July last year, but with a 4.7% rise in food.

Source: Télam