An AMBA household spends more than $118,000 per month on electricity, gas, water and transportation, according to a study by UBA and Conicet
The report was made by the Tariffs and Subsidies Observatory of the Interdisciplinary Institute of Political Economy (IIEP).
Families living in the Buenos Aires Metropolitan Area (AMBA) needed more than $118,000 in May to pay public service rates, according to a report from the Rates and Subsidies Observatory of the Interdisciplinary Institute of Political Economy (IIEP), which depends from the UBA and Conicet.
According to this analysis, in May the AMBA basket of public services occupies 14% of the average salary registered for the month while the most important weight within the services is occupied by transportation spending.
The analysis calculated that the basket of public services for an average AMBA home was $118,825, without subsidies, during the fifth month of the year. This cost represents an increase of 15.6% compared to the expense of $102,779 in April, Noticias Argentinas reported. The increase “is explained, mainly, by higher consumption of natural gas and electricity as the winter seasonal peak approaches,” the report stated.
The cost of the total basket increased 295% compared to December 2023 due to the updates to transportation rates (January and February), electricity (February), water and natural gas (April).
