The Argentine government continues to fight to keep inflation below 2% per month, but February has brought new increases in multiple services. Starting this Saturday, fuel prices rose by 2%. Several services experienced rate increases, with companies notifying hikes of up to 3.2%, exceeding December's 2.7% inflation.
For rentals under the Rental Law, which are governed by the Lease Contracts Index, a 174.4% increase is expected in February. This increase will only apply to contracts signed between July 2020 and October 2023. Prepaid medical companies are also adjusting their prices from July 2024, after being forced by the government to reverse increases during the early months of 2023.
In the field of domestic workers, the Revenue and Customs Control Agency has established increases between 22.86% and 64.52% in employer contributions and dues based on hours worked. These increases vary depending on the hours worked per week.
Additionally, increases are expected in basic services such as electricity, gas, and water, as well as in telecommunications, internet, streaming platforms, vehicle technical inspections, and other key services. Electricity and gas rates have already experienced increases of 1.5% and 1.6% respectively, and reductions in subsidies for low- and middle-income sectors are anticipated.
In telecommunications, increases of between 2.9% and 3.6% have been announced for internet, cable, and mobile phone services, while streaming companies like Netflix and Amazon Prime Video are also adjusting their rates. On the other hand, vehicle technical inspections in the province of Buenos Aires have seen an increase, and the system of discounts on electricity prices has been simplified.
