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All April increases: from prepaid to schools and groups without the SUBE registered

2024-03-29T09:17:23.913Z

Highlights: All April increases: from prepaid to schools and groups without the SUBE registered. The month starts with the fourth increase in prepaid bills above 15%, and would add water and gas, among other services. Fuels will also have their adjustment and the latest definition is awaited to know if there will also be an increase in the gas rate. High-income households (called N1) will have an increase of 179%, from $33.09 to $92.33 per cubic meter in Buenos Aires. For non-residential users, the update is 612%.


The month starts with the fourth increase in prepaid bills above 15%, and would add water and gas, among other services.


After an

expected inflation of between 10.5% and 13% for March

, according to consultants, April starts with a series of increases that will continue to complicate the Government's plan to reach single digits.

Among the price increases for the month that begins there are "old acquaintances", such as

private medicine,

which has been rising month after month above double digits since Javier Milei took office. Fuels will also have their adjustment and the latest definition is awaited to know if there will also be an increase in the gas rate.

Here is a summary of the increases already announced by companies and the Government for April:

Buses and trains for which the SUBE was not registered

The Ministry of Transportation reported that the prices of services will not increase, but there will be an increase in the metropolitan area for those passengers who have not registered the SUBE card. Thus, the minimum bus ticket, which is currently $270, will go to $429.30 for those who are not registered. The cheapest train trip, which is $130, will go to $260. On short-distance buses, the longest section could cost up to $589.54. The subways were going to increase but the increase was cancelled.

Although the tariff differentiation begins to take effect on April 1,

the possibility of carrying out the procedure is still open. Initially, it had planned a 36.6% increase in

transportation, tied to the rise in the CPI in the first two months, but it was finally postponed.

Domestic workers

Domestic staff who are paid monthly and who must receive their March salary in the first days of April will have

a 15% increase

. To find out how much the April increase will be, both monthly and hourly employees

will have to wait until April 17

when the National Commission on Work in Private Homes meets again to review the increases for April and May.

Domestic employees will have to wait until April 17 to find out the month's increases. Photo: Depositphotos.

Prepaid medicine

Private medicine will have its fourth consecutive increase above double digits.

It will be between 16 and 19%,

according to the company. This increase is added to the 40% in January, 27% in February and 20% in March.

Fuels

Gasoline and diesel will have another increase of at least 4% in April due to the increase in

taxes that had been frozen during Alberto Fernández's administration

and that are being finalized month by month. Oil companies would also apply an increase to compensate for the monthly devaluation of the peso against the dollar (+2% in the official exchange rate).

Gas rate

After having kicked the increase, the Government decided to move forward with the removal of subsidies on gas bills. There will be an adjustment that will cover both the price of gas itself, as well as transportation and distribution, although for now only the details of the first case are known. In the coming days, the Government must define the increases in transportation and distribution and there the final value of the impact on the bills can be adjusted. As for gas itself, high-income households (called N1)

will have an increase of 179%

, from $33.09 to $92.33 per cubic meter in Buenos Aires. For non-residential users, the update is 612%. Meanwhile, low-income N2 households will see a jump of 154%.

Water

Water

could rise by 209%

during the fourth month of the year in the metropolitan area controlled by Aysa, although the complex technical engineering to process the public hearing that was held this week could push the update to May.

Rentals

All housing rentals that began between July 2020 and October 17, 2023 and are governed by Law 27,551, have a single annual adjustment determined by an official index. If the contract was signed in the month of April, the adjustment must be applied, which

will be 197.7%

.

Private schools

On the last business day of March, the authorities signed the resolutions that enable

average increases of 9% in the City and 4.7% in the Province

for subsidized private education institutes in those jurisdictions. The increase in the fee that 1.3 million Buenos Aires students and almost 300 thousand Buenos Aires students must pay represents a new impact on the budgets.

Tolls

In April, tolls on national routes and some accesses to the City of Buenos Aires

will increase by 200%.

With the update, the minimum peak hour fare for cars will be $900. The increase will be applied once the administrative process of citizen consultation is completed, which began on March 19 and will close on April 17. The

increase

is for sections I

to Corrientes, Chaco, Misiones, Santiago del Estero, Tucumán, Salta and Jujuy.

Source: clarin

All business articles on 2024-03-29

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