The Limited Times

Now you can see non-English news...

The 10 increases that will hit pockets in May

2023-04-28T16:43:56.501Z


Electricity, gas, private schools, prepaid, transport, among the increases that will put pressure on the CPI again in the fifth month of the year.


Light, gas, transportation, prepaid, private schools, taxis, tolls, credit card refinancing, 

are some of the 10 confirmed increases that in May will once again adjust to the already meager Argentine pockets

.

With inflation that in March was 7.7%, which in April would reach 8%, and a dollar that in the last week hit a run to almost $500,

the stampede of prices does not stop.

As happens every month, some increases were already planned beforehand and tied to the inflation data for the previous month.

In this team are, for example,

private schools, prepaid, and transport.

For those who have to renew the rental contract, in May there will be an increase of almost 100% per year.

And in terms of electricity and gas rates, the plan for the removal of subsidies outlined by the Government since last year will continue.


electricity rate

The increase in light will be around 60%.

The next increase in electricity rates

is scheduled

for May and will affect the

highest income

sector

and those who did not request to maintain the subsidies.

The increase will be around 60%,

as indicated by the Ministry of Energy.

This rise will be for the whole country and will affect the so-called "N1 households",

which are more than 4.5 million and will now

have to pay the full cost of electricity.

This week the ENRE, the regulatory body, stressed that after this latest adjustment,

"rates will not increase for the rest of 2023."


gas fee

Raise gas for higher income households.

Users of the network gas service will

receive a 50% increase in their bills, also

taking into account the elimination of subsidies for higher-income households.

The increase is linked to the agreement that the Government signed with distributors and transporters,

which authorizes an increase of up to 110% in the income of the companies,

which had been frozen since the beginning of 2022.

Transport

Buses, subways and trains go up again.

Photo: Luciano Thieberger.

FTP CLARIN

As of Saturday, May 6,

the subway ticket will go up, the second tranche of the rate update agreed in February.

The ticket will cost

$67 while the Premetro will cost $24.

The minimum bus ticket also increases: for journeys between 0 and 3 kilometers it will cost $42.67;

between 3 and 6 kilometers, $47.55;

between 6 and 12 kilometers, $49.46;

between 12 and 27 kilometers, $51.20 and more than 27 kilometers, $54.87.

The train goes up according to the Miter, Sarmiento, San Martín and Tren de la Costa lines:

$26.82;

and the Roca, Belgrano Sur, Belgrano Norte and Urquiza lines: $20.72.

prepaid


Quotas will increase in May between 3.43% or 4.76%I.

Photo Courtesy PREPAID PREPAID

At the end of March, private medicine affiliates began to be notified by prepaid companies -they must do so at least 30 days in advance- that in May the increase in fees will be

3.43% or 4.76%

.

This adjustment will depend on the income declared

between April 1 and 20 via the web before the Superintendence of Health Services.

At this time, the notifications with the June increase are also beginning to arrive

, the adjustment will be 5.49%, for everyone equally.

Domestic

workers

In July, the Commission of Employees of Private Houses will meet again.

(Photo Lucia Merle)

In May, the employees of Casas Particulares will have an increase of 7%.

In June, with the 6% rise, the total of 27% reached in the last revision on the minimum remuneration of personnel will be complete.

For those employees who are paid by the month,

in May they will receive the 14% adjustment that people who are paid by the hour received in April.

Rentals


The adjustment from next month will be 95.94% per year.

photo: Andres D'Elia - FTP CLARIN

In the fifth month of the year, rents will also suffer

a strong adjustment starting next month: it will be 95.94%.

Despite the rumors of change, the rental law is still in force, and so this adjustment is for tenants who now have to renew their contract after 12 months of contract.

Naphthas and fuels

In May the increase will be 4% in gasoline and diesel that are sold throughout the country.

Photo: Orlando Pelichotti

After the renewal of the price agreement with the Government in April, the oil companies have been applying adjustments,

 in May the 4% increase in gasoline and diesel

that they sell throughout the country.

There are monthly increase limits until August 15 and the fuels are part of the "Fair Prices" program.

private schools

The rise in private provincial schools will be 6.7% average in all state-subsidized institutes.

Photo Guillermo Rodriguez Adami

The Province authorized an increase in school fees of twice the "Fair Prices" The increase will be an average of 6.7% in all state-subsidized institutes, when the agreement signed by Minister Massa stipulated up to 3, 35% for May.

Starting this week, families began to receive communications that account for the increase.

In the provincial system there are almost 1.4 million students in kindergartens, primary and secondary schools managed by private companies with State subsidies.

tolls

Driving through the city of Buenos Aires will be 40% more expensive.

Photo: Andrés D'Elia - FTP CLARIN _JAD1581.jpg Z ADelia Delia

Next month the City toll rates will also increase.

Driving on the highways of the City of Buenos Aires

will cost 40% more.

Already in March they had risen 45%.

The provision reaches the 25 de Mayo, Perito Moreno and Alberti, Salguero, Sarmiento, Illia and Retiro II highways and the Paseo del Bajo.

For its part, the national government defined that the

North and West

accesses will also see increased toll rates.

In this case,

the first increase is 50% in May and there will be another 40% in August.

Credit card refinancing rate

The payment of the amount.

minimum statement of credit cards will be more expensive from May.

Starting in May, it also increases the cost to refinance the outstanding balances of the credit card statement.

Last week, the Central Bank had decided that as of May those who pay

the minimum on the card will have 80% interest.

This rate is the one applied to balances of up to $200,000.

That percentage will become more expensive

in June, which will become 88%

.

NS

look also

Indexed prepaid: the quota increase will be 5.49% in June

Edesur intervention: they announced a work that they cannot finance

Source: clarin

All business articles on 2023-04-28

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.