There are more and more tariffs and services that month by month have already agreed on an increase. This update, related to the CPI changecreates a kind of vicious circle which ends up putting ever greater pressure on the rate of inflation. April starts next Saturday, and with the fourth month of the year also increases: light, transport, prepaid; rentals and private schools. In addition, the wages of domestic workers are increasing.
Inflation, which reached 6.6% in February, has not come down and estimates for March are far from improving. “Increases are starting to be indexed on the basis of past inflation, and this is typical of an inflationary process which has carried a strong inertia, encouraged by both formal and informal contracts which tend to be concluded not only by shortening their duration but also including these clauses “Santiago Manoukian, of Ecolatina, points out to Clarín.
In this sense, warns the economist “this quest to hedge against chronic inflation only reinforces that dynamic.” And he adds: “These increases make it very difficult to temper expectations for the future.”
The following increases will arrive in April:
Buses and trains: equal to February inflation, 6.6%
Last March, the application of a new tariff for train and bus services in the Buenos Aires Metropolitan Area (AMBA) began. Their prices are updated monthly.
The increase in April will be 6.6%, in line with the February consumer price index (CPI).
Thus the minimum bus ticket (routes less than 3 kilometers) will go from $37.10 to $39.54 and increase based on the kilometers. From 3km to 6km, it will go from $41.34 to $44.06. Distances from 6 to 12 km: from $44.52 to $47.46. And 12 to 27km will go from $47.70 to $50.85. For distances over 27 km, the ticket will cost from $50.88 to $54.23.
The train ticket will increase from $18.02 to $19.20 for the Roca, Belgrano Sur, Belgrano Norte and Urquiza lines. The Mitre, Sarmiento, San Martín and Tren de la Costa lines will drop from $23.32 to $24.85.
Prepaid: 2.36% for all users
In February it began to apply the new formula for adjusting the fees of prepaid pharmaceutical companies. The plan provides for differential increases, depending on the income level of the members.
For April, according to the Superintendency of Health Services, the increase has been authorized for companies of prepaid medicines will be 2.36%.
In this case, for the first time since the entry into force of the Health Cost Index, the authorized increase will be below the established limit of 90% of the rise in the Ripte (the salary index of the Ministry of Labour), which would be 4.87%.
Affiliates with net income less than six minimum salaries have the option of enrolling in a registry and requesting that a smaller percentage increase be applied to their fee.
that record reopens from 1 to 20 of each monthand interested parties must register their income each month.
Private schools: 3.35%
At the beginning of February, the Ministry of the Economy, in concert with the Ministry of Education, announced that the fees for private schools would be included in the the 4% increase guideline. as another element of the Fair Prices programme.
At the beginning of the school year, private schools had a 16.3% fee adjustment and that in the following months the increases would be smaller. Thus, in April, odds may increase by 3.5%and the same guidelines will continue through 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 families in Buenos Aires, that is, it will be for all those who receive tickets from Edenor and Edesur. In April, the increase will be $400 for high-income sectors, and $800 from June.
As officially foreseen, the increase will be: for the sectors of high income $410. And for low and medium incomes, the adjustment It will be around $360.
Rentals: 92.5%
For those tenants who have to renew the contract after one year has passed since its last update will have an increase close to 92.5%. This percentage derives from the formula established by the Rental Law, which is determined by an index elaborated by the Central Bank on the basis of the evolution of inflation and wages.
Domestic workers
The National Commission for Work in Private Housing agreed on Tuesday a 27% increase on the minimum wage of personnel who perform domestic tasks, to be paid in three installments of 14% in April, 7% in May and 6% in June.
NS
Source: Clarin
