August has begun and the bad economic news for workers continues. The eighth month of the year brought with it increases in tariffs, fuel and transport.
Javier Gerardo Milei’s eighth month in office came with more increases for his citizens. From a 3% increase in gasoline and diesel, In addition to the 4% increase in gas and electricity services, the Government has now authorized an increase in the AMBA for buses and the minimum ticket price will be $370.
August has begun, and the bad economic news for Argentine society continues. The new month came with new blows to the pocketbook, thanks to the provisions of the La Libertad Avanza government. Fuel prices rose 3%, but in the City of Buenos Aires it reached 5%, with gasoline going from $940 to $992 super, premium $1226 in the City of Buenos Aires, while diesel rose from $980 to $1032.
In this way, in the year, the fuels Prices rose by more than 126% on average, above inflation. These disproportionate increases since Milei’s arrival at Casa Rosada, caused users to stop loading up on premium gasoline and switch to super. In addition, between May and June, gasoline consumption fell 10.1% year-on-year.
As if that were not enough, Javier Milei authorized new increases in gas and electricity bills. The increase in services is planned at 4% and, in the AMBA area, they will be added to the 5.16% that will be increased water. It is important to remember that AySA, one of the companies that generated hundreds of layoffs, has increased by more than 255% so far this year.
As for the prepaid, of the biggest winners with Milei in government, will have an expected increase in August of between 4.9 and 7.8%, depending on the company, but which will be even higher than the inflation in July, in a clear sign that businessmen are the biggest winners with Milei in government.
As there can always be more blows to the pockets of Argentines, Javier Milei decided to authorize a new Increase in bus fares in the metropolitan areaStarting August 12, the ticket price will increase by $100 and will cost $370. Thus, the 3 to 6 km section will cost $413.44, the section up to 12 km will increase by $445, the one reaching 27 km will cost $477.17 and more than 27 km will cost more than $500.
Far from a V-shaped recovery, promised by the President’s team of economic advisors, Argentines see their salaries pulverized month after month despite Milei celebrating fantasy numbers on her social network X.
Source: Ambito
