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4h ago

Argentina Retiree Basket Hits ARS 1.51 Million in September, Far Outpacing Minimum Pensions

An official study attributes a 26.12% six‑month surge largely to medicines and food, leaving CPI‑linked increases unable to bridge retirees' costs.

Los ingresos cubren solo un cuarto de sus gastos
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Overview

  • Defensoría de la Tercera Edad reports the retiree basic basket at ARS 1,514,074 for September, up from ARS 1,200,523 in April.
  • Minimum pensions of ARS 390,214 with the ARS 70,000 bonus cover roughly a quarter of the basket, with PUAM and non‑contributory pensions even lower.
  • Medicines account for ARS 402,880 (27%) and food for ARS 348,000 (23%), the two fastest‑rising components in the period.
  • Housing represents ARS 294,000 (19%) and cleaning ARS 107,444 (7%), with other expenses including services, transport, recreation and clothing.
  • The index is built from price data in CABA, the Buenos Aires conurbation, Córdoba, Rosario and Mendoza, underscoring a gap that current ANSES updates and fixed bonuses have not closed.