Mexico | Labor poverty decreases, but the cost of the basic basket rises up to 12.6%

Summary

Despite inflation, as of the second quarter of 2022, the proportion of the population living in labor poverty in Mexico (38.3%) was the second lowest since 2013, but without reaching pre-pandemic levels.

Key points

• Key points:
• As of the second quarter of 2022, the monetary value of the basic basket (Extreme Income Poverty Line) had an annual increase of 12.6% in rural areas and 12.0% in urban areas, being the second highest increase in the last ten years.
• More than 2 years have passed and 22 states have still not managed to reduce labor poverty to pre-pandemic levels. Aguascalientes, Guerrero, Puebla, Guanajuato and Morelos are the entities most affected since the start of the COVID-19 pandemic.
• Mexico City, Nuevo León and the State of Mexico, which are very important entities economically in the country, still report higher levels of labor poverty than pre-pandemic levels as of the second quarter of 2022.

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