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Electricity, transport and rent: all the regulated increases that arrive in April

2023-03-29T12:01:09.675Z


Of the 7 expected increases, most come with an increase already agreed and tied to the inflation data of the previous month.


There are more and more rates and services that month by month have already agreed an increase

.

This update, tied to the CPI variation

, generates a kind of vicious circle

that ends up putting more and more pressure on the inflation rate.

April begins next Saturday, and with

the fourth month of the year some increases also arrive

: electricity, transport, prepaid;

rentals and private schools.

In addition, the wages of domestic workers rise.

Inflation, which reached 6.6% in February, has not subsided and the estimates for March are far from achieving any improvement.

"The increases begin to be indexed based on past inflation, and that is typical of an inflationary process that has been dragging a strong inertia, encouraged by both formal and informal contracts that tend to be concluded not only shortening their duration but also including these clauses "Santiago Manoukian, from Ecolatina, points out to Clarín.

In this sense, the economist warns that

"this search to protect oneself from chronic inflation only consolidates this dynamic."

And he adds:

"These increases make it very difficult to temper expectations going forward."

The following increases will arrive in April:

Buses and trains: equivalent to February inflation, 6.6%

Last March, a new tariff schedule began to apply for train and bus services in the Buenos Aires Metropolitan Area (AMBA).

Their prices are updated monthly.

The increase in April will be 6.6

%, in line with the Consumer Price Index (CPI) for February.

In this way, the minimum bus ticket (trips of less than 3 kilometers)

will go from $37.10 to $39.54, and will increase according to

the kilometers.

From 3 to 6 km, it will go from $41.34 to $44.06.

Distances from 6 to 12 km: from $44.52 to $47.46.

And from 12 to 27 km it will go from $47.70 to $50.85.

Distances of more than 27 km, the ticket will cost from $50.88 to $54.23.

The train ticket will rise

from $18.02 to $19.20

for the Roca, Belgrano Sur, Belgrano Norte and Urquiza lines.

The lines Miter, Sarmiento, San Martín, and the Tren de la Costa will go from $23.32 to $24.85.


Prepaid: 2.36% for all users

In February , the new adjustment formula

began to be applied for the quotas of the prepaid medicine companies

.

The plan contemplates differential increases, according to the income level of the affiliates.

For April, according to the Superintendence of Health Services, the increase authorized for prepaid medicine companies

will be 2.36%.


In this case, for the first time since the Health Costs Index came into force, the authorized increase

 will be less than the stipulated limit of 90%

of the Ripte increase (the salary index of the Ministry of Labor), which would be 4. 87%

Those affiliates with net income below six minimum wages have the possibility of signing up in a registry and requesting that a lower percentage increase in dues be applied to them.

This registry

is reopened from the 1st to the 20th of each month

, and those interested must register their income every month.

Private schools: 3.35%

At the beginning of February, the Ministry of the Economy, together with the Ministry of Education, announced that the fees for private schools would be included within the

4% increase guideline

as one more item of the Fair Prices program.

At the beginning of the school year, private schools had an adjustment in fees of 16.3%, and that the subsequent months the increases would be less.

In this way, in April,

the quotas may rise by 3.5%

, and the same guidelines will continue until the end of June. 

Electricity

The Government continues with the removal of subsidies, so this month 72% of users will have increases that will cover all households in Buenos Aires, that is, it will be for all those who receive tickets from Edenor and Edesur.

In April, the rise will be $400 for high-income sectors, 

and $800 since June. 


As officially planned, the rise will be:

$410 for high-income

sectors .

And for low and middle income, the adjustment

will be around $360.

Rentals: 92.5%

For those tenants who must renew the contract after one year has elapsed since its last update,

they will have an increase close to 92.5%.

This percentage arises from the formula established by the Rental Law, which is determined by an index prepared by the Central Bank based on the evolution of inflation and wages.

Domestic workers

The National Commission for Work in Private Houses agreed on Tuesday

a 27% increase

in the minimum remuneration of personnel who perform domestic tasks, to be paid in three installments of 14% in April, 7% in May and 6% in June.

NS

look also

The five biggest risks facing the Argentine economy according to a global consultancy

Record: dollars and investments outside the system are already US$ 380,179 million

Source: clarin

All business articles on 2023-03-29

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