The inflation there is no respite in Argentina and although it suffered a marked slowdown in recent months, experts anticipate that it will hardly continue that same trend. In this framework, July will arrive with new and strong increases, among which fuels and, above all, public services stand out.
Price increases are a constant not only on the shelves of supermarkets and shops, but in almost all areas of the national economy and from the first days of next month the increases will once again hit the pockets of Argentines.
The gasoline and the gasoilthe light and the gasthe prepaidthe rentals, as the case may be; and until the subway in the Federal Capital will help put even more pressure on the inflationary rate.
Light and gas
Starting next month, the new adjustment calculation that the government wants to implement will come into effect. Ministry of Economy of the Nation for gas and electricity rates. Although at first the economic team had established a polynomial formula for automatic adjustment, which took into account wage variation and retail inflation (CPI) and wholesale inflation (IPIM), the calculation never saw the light of day since its use was suspended. implementation in May and June.
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Gas will rise again, while the Government moves forward with the removal of subsidies to the sector.
Photo: AGLP
In this framework, in July the new adjustment variable established by the Secretary of Energy Argentina that takes into account the expectation of future inflation. Although it has not yet been defined how the calculation will be made and with inflation forecasts around 5%, the increase in these services would not exceed 3%.
So far this year, electricity rates have risen by 234% and gas rates by 1,179% on average between price increases and quantities consumed according to calculations by the Interdisciplinary Institute of Political Economy (IIEP)which depends on the University of Buenos Aires (UBA) and the National Council for Scientific and Technical Research (CONICET). “The cost of the total basket of public services in the Buenos Aires Metropolitan Area (AMBA) increased 365% compared to last December, from the updates of transportation rates (January and February), electric energy (February and June ), water and natural gas (April and June). Natural gas and electricity consumption are adjusted for seasonality of consumption,” says the report cited by the newspaper. The nation.
Prepaid
After Justice approved the agreement signed at the end of May between the Government and more than 40 prepaid companies, which established that the entities can freely increase their fees again starting in July; The companies began to announce the corresponding increases. Among them are Swiss Medical (6.7%), Galeno (7.5%), Medifé (4.2%), Accord Salud (8.8%), Hospital Italiano (9.37%), Omint (8 .5%), Luis Pasteur (6.9%) and Medicus (8.08%). OSDE, which invoices June services in July, meanwhile announced an increase of 4.2% equivalent to May inflation.
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The Government will release the price of all prepaid plans from July 1.
On the other hand, starting in July the entities will also begin to return in 12 installments the increases above the inflation rate that they collected in the first five months of the year. These monthly amounts that will be considered as credits in favor of the affiliates and that are readjusted by a lower index than that of the price increase, will be lower than those that will arise from the price increases in July, for which the amounts to pay for health plans will be higher than in June.
Naphtha and diesel
Starting Monday, July 1, the Tax on Liquid Fuels (ICL) and to Carbon Dioxide (CDI)according to what was established by the Argentine Ministry of Economy through decree 466/2024.
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Next month, key taxes on fuel will rise again and the increase could be passed on to the pumps.
Photo: AGLP
Furthermore, as usual, companies –YPF, Shell, Axion and Puma Energy– they could pass on to the suppliers the 2% monthly devaluation applied by the Central Bank of the Argentine Republic (BCRA).
Subway
The subway ticket, for its part, will rise again next month. Those people from La Plata and residents of the region who travel daily to the Federal Capital for work or study and use this means of transportation must face the increase in the ticket, which will go from $650 to $757.
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In the Federal Capital the cost of Subway tickets will also increase again.
As anticipated, it would be the last increase of the year, after rising from $125 to this value in the last two months to reduce spending on subsidies. The Buenos Aires Government hopes to lower subsidy transfers to the subway, from a level of 90% of the cost of the service to 60% of the operation.
