While waiting for the ballot, Argentines will once again suffer increases like every month. The particularity is that some services will continue to be regulated: this is the case, for example, of basic basket products through the program Fair Prices, which was extended until December 31 and that of telephone, internet and cable. In this context, and with a inflation which is expected to once again reach double digits, one by one November increases.
Telephony, cable and internet
The cable, telephone and internet companies reached an agreement with the Government last May to make periodic monthly adjustments until the end of the year. In this way, it is known in advance that the month of November will arrive with a 4.5% increase for all communication services. Then, in December, another similar adjustment will be applied.
Prepaid
Prepaid payments, for consumers who do not have the quota freeze that families with incomes of less than two million gross pesos per month can request, will increase 10.98%. It is worth remembering that users who cannot pay the increase must upload their Affidavit of Income Certification, which is done online on the website of the Superintendency of Health Services, which is available from the 1st to the 20th of each month”.
PBA private schools
The Buenos Aires government authorized an 11% increase in private school fees. However, from the Association of Private Educational Institutions of Buenos Aires (AIEPBA)considered that this new increase is insufficient to compensate for the delay accumulated by inflation: “Once again this authorization for an improvement in fees falls short of the increase in the costs of services in general and salaries in particular that schools must face,” he said. Martin Zuritaexecutive secretary of the Association.
Rentals
The new is now in effect Rental Law since it was published Decree 533/2023 in Official bulletin. However, for rentals that began between July 1, 2020 and October 17, 2023, they will continue -until their completion- governed by the 2020 law.
Thus, for tenants who must face that modification in November 2023, the increase in the amount ofrent will be 119.5%. This is a new record, as it will exceed the 115.3% applied in the October updates, 112.9% in September, 109.3% in August, 104% in July and 100% in June.
Private home employees
The Government announced the new salary increase for domestic workers. Through Resolution 6/2023, the National Labor Commission for Private Home Personnel agreed to increase salaries, which will be 34% non-cumulative until December, on the current salary scale.
- 12% in October (to be collected in November).
- 12% in November (to be collected in December).
- 10% in December (to be collected in January).
Tolls
The rates of the tolls on national routes and some of the accesses to the City of Buenos Aires will increase by 50% in November, after the administrative process of the Citizen Consultation that will take place on October 31.
It will be the third increase in the year which will cause a cumulative increase of 210%, when the inflation level is currently around 140%. The increases were 50% in May, 40% in August and 50% next month.
Taxi
He Buenos Aires government confirmed that taxi fares will increase again in November. This is the second tranche of the 50% increase. The token value starting this month will be $54.80.
”The update of the taxi rate has to do with adjustments that are necessary to ensure the operation of the service, the maintenance of the vehicles, and also to sustain the income of workers,” said the Buenos Aires Government in a statement.
In this way, from November 1, the value of the token during daytime will go to $54.80 and that of the flag drop to $548; while at night the costs will be 65.80 and 658 pesos.
What will happen to electricity and transportation rates
As anticipated Energy Reportthe national government would move forward with a reduction in electricity rates for some sectors, after prices thaw in November, due to an increase in the activity of the hydrocarbons.
A few days before the end of the period that kept electricity and gas rates unchanged, the Secretary of Energy, Flavia Royónanticipated that prices could be unfrozen for middle and low-income users, who do not pay even 20% of the total cost, and for those who pay the full cost, who could have a decrease in their electricity bill.
The information arose from a consultation with the secretary about the future of rates starting next month. Royón stated: “What is going to happen is that for the high income will even have a slight decreasebecause the monomic cost starting in November will trend downward, like every summer, because you have less generation with LNG and gas.”
According to the official, the decrease could be 6%and will reach not only the N1 segment of residential users high income, but also to industry and commerce who pay the full cost of energy.
When asked what will happen to middle- and low-income families (the so-called N3 and N2), Royón answered: “At the time we had defined that in November we were going to call a hearing, but it is an issue for which we still have We have to meet with the Minister. It’s not closed. What I can assure is that there will not be sudden increases in energy.”
Finally, in the case of transport, the freezing of train and bus fares ended after the general elections, however it is still unknown if there will be a new increase since the Government implemented the voluntary renunciation of subsidies.
Source: Ambito
