Buenos Aires, Jan 13 (Prensa Latina) The pandemic has put Argentina, where living has become increasingly expensive, against the wall, as the Covid-19 worsened the economic crisis hitting the country since 2018.
Meeting monthly ends a year ago was hard enough, but the pandemic has pushed the country into even more trouble.
Despite the praiseworthy efforts of the current government of Alberto Fernandez, particularly helping the most vulnerable sectors, inflation and the high cost of living continues to rise, with businesses hanging by a thread and others that have ended up closing.
According to a recent report from the Center for Social Studies and Community Action (CESYAC), in last December it took at least 120,334 pesos (about 1,400 dollars at the official exchange rate) for a typical family (made up of a couple and two children) to be able to live in the capital.
According to the source, family income rose by 10 percent by the end of December 2020, however the price of the basic basket increased 33.7 percent in one year.
The CESYAC report specifies that 77 percent of the expenses of a household income went to services and maintenance of the home, while 23 percent went to food and cleaning.
The Government announced this week the freezing of the cost of several products in the basic basket until April and reinforcing the Price Care program, among other measures implemented since last year.
mh/llp/mem/may
Despite the praiseworthy efforts of the current government of Alberto Fernandez, particularly helping the most vulnerable sectors, inflation and the high cost of living continues to rise, with businesses hanging by a thread and others that have ended up closing.
According to a recent report from the Center for Social Studies and Community Action (CESYAC), in last December it took at least 120,334 pesos (about 1,400 dollars at the official exchange rate) for a typical family (made up of a couple and two children) to be able to live in the capital.
According to the source, family income rose by 10 percent by the end of December 2020, however the price of the basic basket increased 33.7 percent in one year.
The CESYAC report specifies that 77 percent of the expenses of a household income went to services and maintenance of the home, while 23 percent went to food and cleaning.
The Government announced this week the freezing of the cost of several products in the basic basket until April and reinforcing the Price Care program, among other measures implemented since last year.
mh/llp/mem/may
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