A new month begins and with inflation comes increases for all services. will increase Bus and train tickets in the Buenos Aires Metropolitan Area (AMBA), gas and electricity rates, and private school fees, in addition to rentals and tollsamong other items.
The 30% of users with the highest income will receive an increase in electricity of 90%. He gas also it will cost 40% more due to the subsidy removal plan to the energy tariffs carried out by the national government.
Starting this Monday, May 1, there will be a 7.8% increase in public transport fares in the city. The minimum bus ticket will cost $46.48 and the rock train $20.72. The taxi drivers, for their part, demand a 35% increase that, if approved, will bring the drop to $232 and the token to $25 during daytime hours and $270 and $27, respectively, at night.
Prepaid will rise almost 5% for those who receive net income equal to or greater than $392,562 (according to the RIPTE index) and private schools may apply an increase in the province of Buenos Aires of up to 6.7% in fees for Maytwice the percentage agreed with the national authorities in “Fair Prices”.
Those tenants who complete a year of contract since their last update, will also have an increase close to 100%. This percentage arises from a formula established by the Rental Lawwhich is determined by an index elaborated by the Banco Central depending on the evolution of inflation and wages. On the other hand, and after the agreement of 27% on the minimum remuneration of the personnel, the National Commission of Work in Private Houses will collect from May the second installment of the increase, which will be 7%. In June it will be completed with 6%.
Gasoline and diesel once again configure another of the increases scheduled for May. After the renewal of the price agreement with the Government, the oil companies will apply the 4% rise this month. And as for credit cards, refinancing the outstanding balance on the credit card will be more expensive from May. The cost will go to 80% annual nominal, three percentage points more than the value that prevailed until April.
