Despite the slowdown in inflation highlighted by the Government, August will be another month marked by increases in Argentina. Although some updates remain to be confirmed, such as those for public service rates (which have been postponed for several months) or fuels, the truth is that it is already known that there will be scheduled increases in areas such as prepaid, rentals either telecommunications.
The main increases will determine inflation next month in a context where the Government projects that the Consumer Price Index (CPI) for July will be around 3.7%. In this context, the price increases to come are as follows.
How much will rents rise in August?
As regards the field of rentals, For those contracts governed by the repealed law that governed that market, the Rental Contract Index marks an annual increase of 246.95% for next month. It is for contracts signed in that month of 2022 and 2023 under Law 27,551. Thus, a rental value of $200,000 will be worth $693,000 in August, as a result of the update.
Telecommunications and cellular telephony
On the other hand, the expected increase for the mobile telephony Based on the queries of this medium, it is stipulated at between 5% and 6%. The increases are framed in the decision of the National Government to deregulate telecommunications rates through the Decree 302/2024where cable TV and Internet services are included.
In fact, by order of the Court to accept the precautionary measure of the companies presented in the pandemic, The sector increases the bill based on its cost structure and not by the criteria previously established by the National Communications Entity (ENACOM).
Specifically regarding the Internet service, a report from the Argentine Internet Chamber (CABASE) revealed that 67.5% from homes reduced the cost of its fixed Internet service in the last six months due to the economic situation and the 65.3% decreased also the cost of your pay TV service.
The increases in prepaids
At least five companies The prepaid health services providers have already notified their clients of the increase for next month. In most cases, the increases are lower than the adjustments made in July. Omintfor example, announced an increase in 6.9%, while Galen applied an update to the 7.8%.
Other prepaids announced smaller increases, such as Omint, which will apply a rise of 4.96%while Swiss Medical anticipated another of 4.9% and Accord Salud will maintain a similar one 4.95%.
As with telecommunications, The prepaid medical sector was once again deregulated, following the agreement reached on May 27 between the companies representing the sector and the Government, which contemplated the return of what was collected above the accumulated inflation until May.
Increases in transportation and fuel
In the midst of the legal conflict generated by the increase in the rate, The cost of the subway, public transportation used in CABA, will increase to $757 starting August 1. Due to a technical problem that requires modification of the network’s turnstiles, it is estimated that the application will not be available on time. However, the company claims to be unaware of this version and confirms the increase in the expected time.
For the fuels, meanwhile, are expected to new stipulated increase that will be minimal, around 2% or 3% average throughout the country. The increase is being analyzed in the midst of a collapse in consumption year-on-year average of 12% for the gasoline and diesel in June, four percentage points more than in May.
Despite the drop in sales, a product of the economic recession, the latest report from the consulting firm Montamat & Asociados, of the former Secretary of Energy, He points out that gasoline still needs a 15% increase to match the import price, while diesel needs a 2% increase.
Unconfirmed increases
At the moment, it is not confirmed that there will be new increases in the electricity and gas tariffs, although the latest staff report from the International Monetary Fund (IMF), a product of the eighth review in Argentina, maintains that the adjustments will continue from August 1.
For its part, the The union of domestic workers (UPACP) does not confirm that there will be a new wage increase next monthsince the call was agreed for after the increase in the Minimum Living Wage, but it has not yet been made.
Source: Ambito
