March arrives with new increases that will hit the pocket of consumers and put pressure on inflation, in the midst of the goal set by the Minister of Economy, Sergio Massa, to achieve that the index starts with a “3” in March and closes 2023 around 60%.
The greatest impact will be the updating of transport rates, but there will also be increases in fuel, prepaid and rent, among others.
According to the price increase scheme for gasoline and diesel agreed through the Fair Prices program, fuels will increase for the third time this year, 3.8% on average.
As has been happening every month, in March the values of prepaid medicine will increase again.
As of February 2023, a new quota increase formula began to be applied, linked to the salary variation index (RIPTE). For a term of 18 months, the increase will have a maximum limit of 90% of this index corresponding to the previous month, for those who have net income less than six minimum, vital and mobile wages ($417,000 in March).
Taking the RIPTE calculated at the end of December as a reference, the increase to apply for prepaid will be 5.04% in February for those who are below the ceiling.
Meanwhile, for holders who exceed this amount, the prepaid will apply monthly increases that will be governed according to the Health Cost Index, which will imply, in March, an increase of 7.66%.
According to the Secretary of Energy, Flavia Royón, during 2023 there will be a single update in the cost of the input of 28.3% for those users who receive high and medium income. The official announcement of the exact percentage of these increases is still pending.
This scheme was arranged through Resolution 6/2023 and will come into force as of March 2023.
In March, private home workers will receive the last increase agreed by the National Labor Commission in December.
The percentage will be 4%, which is added to the 8% in December, the 7% in January and the 5% received in February. In this way, next Wednesday the agreed 24% will be rounded off.
For tenants whose contracts have to carry out the annual update in March 2023, the increases will be 89.6%, according to the update rate established by the current controversial Rental Law, which contemplates the monthly variations of the Price Index at Consumer (CPI) and the variation of wages (Ripte). Compared to February, the rise in March is more than three percentage points.