One day before the start of the new month, on the one hand Argentine pockets are preparing 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 have to face a battery of at least 8 (already agreed) increments of goods and services.
Added to this are private projections which predict inflation of at least 9% in May, which implies a new increase in the cost of living compared to the previous month. The April data had already marked a resounding 8.4%, mainly driven by increases in food and beverages. Data for the month that is about to expire will be announced in two weeks.
It happens that in addition to the inflation of the “changuito” or basic consumption inherent in the food basket, the sixth month of the year will be characterized by increases in transport (subways, buses and AMBA trains)in private school fees, private medicine and fuel, among others.
One by one, the increases for June 2023
rentals
One of the increases that today reveals more to that group of people who are not owners, is the rent increase to be renewed in June. The increases will be around 100% per year of the amounts to be paid, according to the variation of the Leasing Contracts Index (ICL), carried out by the Central Bank (BCRA) which foresees a mix between increases in inflation and wages.
These data will imply the increase of a further step compared to 95.9% which had been applied in May. It should be remembered that the April updates had undergone a 92.6% adjustment; in March 89.5%; in February 85.8% and in January 81.4%.
Public transport in the AMBA
Starting June 1, an 8.6% increase in public transport fares will take effect in the Buenos Aires Metropolitan Area (AMBA). This will be the third application of a new monthly update formula which will apply until July and is adjusted according to the Greater Buenos Aires Consumer Price Index (CPI) published by INDEC.
Thus, the minimum bus ticket in AMBA from June will cost $46.35 and that of the train will fluctuate between $22.51 and $29.12, according to the line
The company Subterráneos de Buenos Aires SE (SBASE) instead confirmed the new increase in the metro fare. Starting Monday, June 5, the ticket will go up $7 to $74, while the Premetro will be worth $26.
private schools
The Ministry of Economy added private schools to the Fair Prices program in February. The deal consisted of a capped school basket, and they also negotiated a cap on tuition increases. But the inflationary escalation forced to renegotiate those increases and so on in June, tuition fees will increase by 11.1% in the city of Buenos Aires and by 7.5% in Greater Buenos Aires.
Prepaid
As happens month after month, prepaid cards will also have an increase in June. In this opportunity, the increase will be 5.49% which will be applied equally to all users, without differentiated increases based on income, as happened last April.
And as bills roll in with June’s 5.49% hike, this Wednesday affiliates begin to receive another notification: July’s hike will be 8.49% for all equally.
combustible
After the renewal of the price agreement with the government, oil companies will apply in June an average increase of 4%. in petrol and diesel sold throughout the national territory.
The increase guideline established 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 expected to be repeated in the following months, July and August.
Internet, cell and cable
Starting next month they add 4.5% monthly increases -retroactive to May 2023- for postpaid or mixed offers of mobile telephony, Internet access services, fixed telephony and cable or satellite television. Thereafter, the 4.5% increase will be repeated each month at a rate of up to 4.5% of the values updated on the last day of the previous month.
rates
In May, the government removed subsidies on energy tariffs for users in the highest income bracket. With which, from June, consumers must pay the full rate.
This Wednesday, the government formalized the new electricity tariffs for the metropolitan area with increases from 11% up to 36%.
In June, electricity tariffs will have a new increase corresponding to the second tranche of the planned increases for the distribution service, one of the components of the invoice.
Domestic workers
According to the update, announced by the National Commission for work in private homes, three brackets of increases have been applied to the March salary. The scheme was as follows; in April there was a 14% increase; in May 7%; AND in June they will receive a further increase of 6%.
The increase expected for the sixth month of the year will be reflected in domestic workers on an hourly rate. For those who receive salary on a monthly basis, they have to wait until July.
In June, on the other hand, the monthly payments will see a 7% increase in collections, expected for May.
NS
Source: Clarin
