One day before the beginning of the new month, Argentine pockets are preparing on the one hand to have an extra income (the Christmas bonus, which will arrive almost at the end of the month), but on the other, consumers will again face a battery of at least 8 increases (already agreed) in goods and services.
This is in addition to private projections that foresee inflation of at least 9% in May, implying a new jump in the cost of living from the previous month. April's figure had already marked a resounding 8.4%, driven mainly by increases in food and beverages. The data of the month that is going will be announced in two weeks.
It happens that in addition to the inflation of the "changuito" or the basic consumption inherent in the food basket, the sixth month of the year will be marked by increases in transport (subways, buses and trains of the AMBA), in the fees of private schools, in private medicine and in fuel, among others.
One by one, the June 2023 increases
One of the increases that today most reveals to that strip of people who are not owners, is the increase in rents that touch to renew in June. The increases will be around 100% per year in the amounts to be paid, according to the variation of the Lease Contracts Index (ICL), carried out by the Central Bank (BCRA) that contemplates a mix between the increases in inflation and wages.
That figure will imply the rise of one more step compared to the 95.9% that had been applied in May. It should be recalled that the April updates had undergone an adjustment of 92.6 per cent; 89.5 per cent in March; in February 85.8% and in January 81.4%.
Public transport in the AMBA
As of June 1, an 8.6% increase in public transport fares in the Metropolitan Area of Buenos Aires (AMBA) will take effect. This will be the third application of a new monthly update formula that will be in force until July and is adjusted on the basis of the Consumer Price Index (CPI) of Greater Buenos Aires published by INDEC.
In this way, the minimum bus ticket in the AMBA from June, will cost $ 46.35 and the train will range between $ 22.51 and $ 29.12, depending on the line.
The train ride will range from $22.51 to $29.12, depending on the line. Photos: Martín Bonetto
On the other hand, the company Subterráneos de Buenos Aires S.E. (SBASE) confirmed the new increase in the subway fare. Starting Monday, June 5, the ticket will jump $7 and will cost $74, while the Premetro will be worth $26.
In February, the Ministry of Economy added private schools to the Fair Prices program. The agreement consisted of a school basket with a price cap and they also negotiated a cap on the increase in fees. But the inflationary escalation forced to renegotiate these increases and so in June the fees of the schools will increase 11.1% in the City of Buenos Aires and 7.5% in Greater Buenos Aires.
As it happens month after month, in June the prepaid ones will also have an increase. On this occasion, the increase will be 5.49% that will be applied equally to all users, without differentiated increases according to income, as happened last April.
How much prepaid increases. Photo: Courtesy
And while the bills are arriving with the increase of 5.49% in June, this Wednesday the affiliates begin to receive another notification: the increase in July will be 8.49% for all equally.
After the renewal of the price agreement with the Government, the oil companies will apply in June an average increase of 4% in the gasoline and diesel they sell throughout the country.
The pattern of increases set by the Fair Prices program was agreed between the Ministry of Commerce and the companies YPF, Axion (PAE), Shell (Raízen) and Puma (Trafigura). The 4% increases are also expected to be repeated in the following months, July and August.
Internet, cell phone and cable
As of next month, monthly increases of 4.5% are added – retroactive to May 2023 – for postpaid or mixed plans for mobile telephony, Internet access services, fixed telephony and cable or satellite television. Then, the increase of 4.5% will be repeated every month in a percentage of up to 4.5% over the values updated to the last day of the previous month.
How much do rents go up if you have to renew? Photo: Marcelo Carroll
In May, the government removed subsidies on energy tariffs for those users who were within the highest income bracket. Therefore, from June consumers must pay the full rate.
This Wednesday, the Government formalized the new electricity rates for the metropolitan area with increases of between 11% and up to 36%.
In June, electricity rates will have a new increase that corresponds to the second tranche of increases planned for the distribution service, one of the components of the bill.
According to the update, announced by the National Commission on Work in Private Homes, three stages of increase have been applied to the March salary. The scheme was as follows; in April, there was an increase of 14%; in May, 7 per cent; and in June, they will receive another 6% increase.
The increase planned for the sixth month of the year, will be reflected by those domestic workers who charge by the hour. For those who receive the salary on a monthly basis, they must wait until July.
In June, on the other hand, the monthly ones will see in their receipts the increase of 7%, scheduled for May.