With inflation set to end 2023 at over 200%, January increases are proceeding at a rapid pace. Adjustments to subways, taxis, prepaid and other services had already been announced, and the percentage of initial increase in bus fares in the metropolitan area was also confirmed on Wednesday.
Even all these increases, which do not fall below 20% and reach up to 50%, will not be unique, but in many cases there are paths of new increases already planned.
The minimum ticket will range from 52.96 to 76.92 pesosCollective: 45%
After restrictions on frequencies by passenger transport companies and meetings with the government, a 45% fare increase was agreed on Thursday. The starting rate will go from $52.96 to $76.92 after being frozen since August. Trains could also see a similar increase. There will be a public hearing on Jan. 15 and another adjustment is expected in February. The government’s idea is that tickets are equivalent to what was paid internally, between 200 and 240 dollars
The subway will cost 110 pesos.Metros: 56% in two sections
The subway will run from January 1st from the current $80 to $110. Then, in February, there will be another increase and it will reach 125 dollars, for an overall increase of 56%.
The taxi fare will be $657 and the token will be $65.70.Taxi: 20%
The increase in taxi prices will be 50% but will also be distributed in two tranches, in January and March. The token will go from the current $54.80 to $65.70 in January and to $85.40 in March.
Meanwhile, the flag drop will rise from $548 to $657 in January and then to $854 in March. Between 10pm and 6am the night rate continues to apply, with a 20% increase on the value of the trip.
Prepaid cards are already on the rise but with low prices and Milei’s DNU communicates the prices.Prepaid: 40%
In December the indexation created by the previous government will end and private medical companies will be able to freely set their own quotas, according to the new mega-decree signed by the president and which will come into force on Saturday at midnight. Among companies, increases of between 38% and 42% were already expected,
The toll for a car during rush hour rises to $642.Tolls: 49%
Buenos Aires highways will increase by 49% from January. In this way, for example, the value will go from 431 to 642 dollars for cars circulating on the Perito Moreno and 25 de Mayo highways, and from 179 to 267 dollars for motorbikes, during off-peak hours.
At the same time, it must be taken into account that if these access roads to the city are used during rush hours, the fare will increase from 611 to 910 dollars and from 287 to 428 dollars respectively. Furthermore, as has been the case for some time now, those who are not telepass members will pay more.
An hour of paid parking will cost $176.Parking at CABA: 118%
Metered parking rates in the city of Buenos Aires will increase by 118% starting the first day of the year. The hour will go from $81 to $176.
The government of Buenos Aires said that the decision aims to encourage the rotation of vehicles in one of the most dynamic areas and with the greatest concentration of activity in the city, such as the neighborhoods of San Telmo, Monserrat, Balvanera, San Nicolás, Retiro and Recoleta . .
The December increase, paid in January, will be 10%.Domestic workers: 10%
The wages of domestic workers paid monthly will undergo a 10% increase in the first days of January, corresponding to the days worked in December. This is the latest increase in the series defined in the review of the National Commission for Work in Private Homes (CNTCP) in October, which established an increase of 34% compared to September in installments.
Rents governed by the 2020 law increase once a year.Rents: 137.5%
The controversial 2020 rent law was reformed last October with semi-annual adjustments. But this change did not last long, because the mega-decree signed by Javier Milei, which will come into force on Friday 29th, finally repeals everything and deregulates the market. Those who signed contracts with the old standard will continue with the annual adjustments.
For those who signed contracts between July 2020 and October 2023 in January the adjustment will be 137.5%.
What’s coming
In addition to the public hearing of the groups, January 8th will be gas day. Distributors have already anticipated that they will ask for increases of more than 500%. Something similar is planned for electricity and there will most likely be new adjustments for fuels.
Prepaid companies also predict that the increases will not stop in January.
Source: Clarin
