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INDEC Says May Cost to Raise a Child Reaches Up to $665,950 for Ages 6–12

The agency values caregiving time as paid work and offers the index for use in judicial child‑support calculations.

Overview

  • INDEC published May figures this week showing monthly Canasta Crianza totals of $520,569 for under‑1, $620,125 for ages 1–3, $529,756 for ages 4–5 and $665,950 for ages 6–12.
  • The overall index rose 1.7%–1.8% in May after climbing about 3.5% in April, a slowdown that mirrors the lower national inflation rate reported for May.
  • The Canasta has two parts: goods and services estimated from the Greater Buenos Aires Canasta Básica Total and a care cost that values hours of caregiving using the domestic workers’ pay scale.
  • INDEC published May component amounts showing goods/services at $169,760 (under‑1), $219,200 (1–3), $279,178 (4–5) and $346,321 (6–12) and care at $350,809, $400,925, $250,578 and $319,628 respectively.
  • Because care is the largest share for younger children (over two‑thirds for infants and about 65% for ages 1–3) the index highlights the economic value of unpaid care, affects household budgeting and is now positioned to guide judicial child‑support rulings.