Published On: Fri, Oct 16th, 2015

Yucatan: a state with Low Purchasing Power

Share This
Tags

The “basic food basket” (Canasta Básica de alimentos) has become unaffordable for thousands of families in the state of Yucatán.

The “basic food basket” is a term used in Mexico to describe a group of basic items and services for everyday survival.

As occurs in the whole country, the basic food basket has become a simple economic reference for thousands of Yucatecan families who see it as something unattainable.

Canasta Básica (Google)

Canasta Básica (Google)

Analysts calculate that to acquire the necessary basic food products, which considers 80 items and services, each Yucatecan would need to spend an amount $ 2,100 per month. If a family has four members, the cost rises to $ 8,400 and that figure could double if we include entertainment and other incidental expenses.

According to the National Council for Evaluation of Social Development Policy (CONEVAL) in 2014, 957,900 people lived in poverty in the state. Of that number, 223,000 fell into the category of extreme poverty.

The same organization states that until June 2014, the average cost of the basic food basket in the country was $ 2,518.65 per person per month in urban areas and $ 1,596.39 in rural areas.

Ernesto Jesús Mena Acevedo, Master in Economics and Public Administration, noted that the purchasing power fell in recent years and said that minimum wage increases do not represent real benefits for the working class individual.

 

Source: http://yucatan.com.mx/

Mexico Travel Care

footer-john-2


Comments

comments

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>