The economist Fernando Marull spoke with Eduardo Feinmann about the increases in electricity and gas rates that the Government authorized.
Review the most notable phrases
-“And in the pocket, clearly, there will be a higher cost for electricity and gas. Especially middle and low incomes”
-“It was expected that they would increase from now on in the winter, but the decision that the government made was that they took away the percentage that they gave as a subsidy to medium and low incomes, that they gave 100% of the wholesale cost subsidy. , they lowered it”
-“So, that raised more in June than one imagined than what the government had originally said”
-“That is because, basically, they did the numbers and said we are allocating quite a bit of subsidy, if we have to take care of the fiscal surplus, that is why electricity and gas for medium and low incomes are going to rise levels closer to… In the case of “light levels, basically, between 100-60% for medium income and 100% for low income”
-“In a context where that 100% possibly sounds very important, doubling the rate, possibly in pesos, the closer it will be to levels of 7,000 pesos, more or less, the cost that allocates more”
-“And, obviously, that has an impact on inflation, both for electricity and gas”
-“We estimate that, more or less, it can add one more point of inflation to inflation”
-“So, if we projected 5% for June, originally, with this increase in electricity and gas, possibly closer to 6%”
-“There are salaries that are exceeding inflation. It depends on which ones, but if you separate them into sectors, the private sector, which has joint ventures, the public sector, which also has joint ventures, but which is further behind.”
-“The private sector has been, I would say, since February, March, which has been leveling inflation, and in several sectors it has been recovering”
-“Still, compared to November, you are down, but the drop in inflation and the reopening of joint ventures basically put a floor on salaries”
