Rentals, expenses, advances and collective, all the increases there are in August

August starts with hikes and a high inflation base with resistance that will remain when it is known July CPI which is estimated at 8% and that Indec will announce next Thursday 14.

August will be marked by increases in public transport and anticipation of a public hearing for the Buenos Aires City subway and taxis. Also for rentals, prepaid, expenses and groups.

In terms of rents, contract increases will come in at around 61% this month, in line with the sharp rise in inflation. Those who renewed their contracts in July suffered an annual adjustment of 57%.

The prepaid They will have a new commission increase in August, over 10%, based on a Cost Index that will be applied bimonthly. The communication announcing the general, complementary and cumulative increases “with respect to those previously authorized for all companies registered in the national register of prepaid medicine bodies” has already begun to arrive, the note reads. Therefore, in August the increase will be 11.34%.

As for shopping, for the salary adjustment obtained by Víctor Santa María’s Suterh, which includes a super bonus of $ 134,000 that will be paid in seven installments. The increase, already approved by the Ministry of Labor, will benefit approximately 80,000 porters and would have an impact on expenses of between 6 and 10% depending on the characteristics of the building.

The news of the month is get on public transport. There will be increases in the bus ticket for the Buenos Aires Metropolitan Area (AMBA). The increase will be around 40%. In this way, the minimum bus ticket will cost $ 25.20, while the train ticket will be between $ 9.50 and $ 17.50, depending on the branch.

As for the railways, the minimum ticket to Belgrano Norte will be $ 9.50; to Roca and Belgrano Sur, $ 10.75; in Urquiza, $ 11.25; and in the Miter, Tren de la Costa, Sarmiento and San Martín, $ 17.25.

Inflation in July

After Martín Guzmán’s departure from the Ministry of Economy and the surge in the dollar, the advisors were revising their inflation forecast for July.

The arrival of Sergio Massa as super-minister calmed the markets and brought down the blue dollar. The question is whether that stability will translate into prices.

So far, the highest consumer price index (CPI) of this year, and of the entire administration of Alberto Fernández, had been that of March of this year, when it reached 6.7%. After falling to 6% and 5.1% respectively in April and May, the index rose to 5.3% in June, driven by the instability of the currency market which began to intensify in the second week of June.

This has led the market forecasts for this year and the next to be on the rise. According to the Central Bank’s (REM) survey, this year inflation would be 76.7%, in 2023 it would be 66%.