Argentina has the most expensive electricity, water, transportation and gas rates in Latin America

The increases of electricity, gas, water and transportation that the government of Javier Milei applied made Argentina jump to the top of the regional ranking of the most expensive public services. The country was previously in intermediate positions.

Regarding this, the drastic reduction in subsidies and the increase in rates ordered by the current administration radically modified the scenario. Now Argentina is the most expensive country, above Chili and of Brazilwho previously surpassed him with a good distance, andat the height of Uruguay.

The promotion is not something circumstantial, but bad news, as part of the official plan to realign the relative prices of the economy. Except for the exception that was made this month in electricity and gas, suspending the monthly rate update previously arranged to help lower inflation at a critical time.

Therefore, rates will remain at the high level to which they rose in a record way in just five months.

The other side of charging the most expensive rates in Latin America It is the decline in the consumption of other goods and services, which accentuates the recession, since private demand is the main engine of the Argentine economy.