Increase in public passenger transport by 250%as proposed by the Government for the metropolitan region from 1 February, it would have an impact on inflation of around 5 points next month on Capital and GBA.
Updated in December 2023, public passenger transport in the capital and in the suburbs of Buenos Aires accounts for almost 2 points in the calculation of the CPI of the metropolitan region.
The February increase will be added the 45% increase already applied since mid-January thus increasing the impact on February CPI.
That little more than 2 points above a 250% increase translates into about a 5 point impact on IPC and GBA capital for February. To these 5 points must be added the increases in the remaining public service tariffs.
Consequentially, February inflation data starts at a high low.
For CPI measurement, most of the Passenger Transportation category corresponds to “Automotive Transportation Services” and “Rail Transportation Services.” The rest to “air transport services” and “other transport services”.
If the proposed increase is applied in full, the The minimum bus fare will go from the current $76.92 to $270 (+251%) and travel up to three kilometres. They will increase from three to six kilometers, the most traveled by AMBA passengers from $85.96 to $300.78 (+250%). And the next, six to twelve kilometers, will rise to $323.95 from the current $92.29 (+251%). The two most expensive ones will have a value (from 12 to 27 kilometers and over 27). $347 to $370respectively.
With this increase, tariffs would make up for the tariff delay of recent years (2017/2023) and accumulate a 60% increase higher than the inflation of that period.
SN
Source: Clarin
