Feb 28 β€’ 20:24 UTC πŸ‡¦πŸ‡· Argentina Clarin (ES)

Electricity, gas, water, transportation, and schools prices rise: why March is shaping up to be another month of high inflation

March is set to become a month of high inflation in Argentina due to increases in regulated services and other goods.

March is likely to be the month with the highest inflation of the year in Argentina, driven by significant increases in regulated services and a broader range of goods and services. This month, standard price increases will be observed across electricity, gas, water, public transport, and even education costs. These hikes are expected to push the Consumer Price Index (CPI) higher than recent figures, reflecting the ongoing economic challenges faced by consumers in Argentina.

In the capital and Greater Buenos Aires, electricity prices will rise by up to 5% for users who still receive subsidies, which accounts for slightly more than half of residential customers of major suppliers such as Edenor and Edesur. Conversely, homes that have lost their government aid for paying bills will see an increase of about 0.5%. Starting March 1st, the government will cease to subsidize 300 kilowatt-hours (kWh) per month during the summer, reducing the subsidized block to 150 kWh, which will have significant implications for household expenses.

The government’s decision to adjust tariffs comes as inflation continues to burden the Argentine economy, with the expected price hikes in essential services like energy and public transport raising concerns about the potential for an even steeper rise in the overall cost of living. These measures not only affect individuals and families but also have broader repercussions for businesses and the national economic landscape, forecasting a challenging month ahead for consumers and policymakers alike.

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