The government of Javier Milei Since his arrival at the Casa Rosada, he embarked on a deregulation of the economy, which includedor the elimination of caps on public service rates, decision that had an impact on the citizens’ pockets, either due to the increase itself or due to its implications in prices.
So much so that private consultants stated that Households in the metropolitan area already allocate on average more than 6% of their income to pay electricity and gas rates, the highest level in 30 years.
The report was prepared by consultants Economy & Energyand PxQ. The main reason is the decline in salaries measured in dollars, which in the first half of 2024 were at the lowest value in the last 20 years.
The average expenditure on electricity and natural gas of Level 1 users In March it was 4.1% with respect to the RIPTE salary and in just 3 months it rose to 6.4%.
For low-income users (Level 2) in the same period it went from 1.5% to 4.1%, while for middle-income users (Level 3) increased from 1.5% to 4.8%.
If we take only the expense destined to face an average natural gas bill, it can be seen that the current 3.1% with respect to the RIPTE It constitutes the highest percentage in the entire historical series, surpassing the period from January 2018 to December 2019 when it averaged 2.7%. with a peak close to the current one at the end of 2018. The current average value is one percentage point above the average of the 90s.
In electricity, the average expense in June is equivalent to 2% of the RIPTE salary, below the 2.6% that averaged between July 1994 and May 2003 and the 2.1% reached between January 2018 and December 2019.
When disaggregated by category, it can be seen that Level 1 users currently allocate 3.1% of the RIPTE salary, a record in the historical series. Level 2 users pay the equivalent of 1.2% of the RIPTE salary and Level 3 users pay 1.7%.
This week the INDEC knew the inflation for May, which rose to 4.2%. In the case of Electricity, gas and other fuels registered 2.5% in the last month.
