According to the National Institute of Statistics and Censuses (INDEC), the monthly cost of the child-rearing basket for children and adolescents grew below inflation in December. INDEC reported that raising a child aged 6 to 12 years cost 586,627 pesos monthly, while expenses for a child under 1 year reached 460,178 pesos. The official report details that the child-rearing basket includes two main components: the cost of goods and services necessary for children's development and the economic value of time dedicated to their care. The child-rearing basket increased by 2.73%, below inflation. For infants under one year, the total cost was 148,236 pesos for goods and services and 311,942 pesos for care. The basket for adolescents allocated 302,411 pesos for expenses and services and 284,217 pesos for care costs.
Cost of Child-Rising in Argentina Grows Less Than Inflation
INDEC data shows the child-rearing basket's monthly cost grew below inflation in December. Raising a child aged 6-12 cost 586,627 pesos monthly, while an infant under 1 cost 460,178 pesos.