Bus fares in Argentina rise by 40% due to crisis and inflation

Buenos Aires public transport fares to be adjusted; price hikes could reach 90 percent by the end of the year, and the deficit already stands at the equivalent of US$30 billion.

Facing inflation of more than 60 percent and a sharp devaluation of the peso against the dollar, socialist-ruled Argentina will adjust public transport fares in Buenos Aires next month. The increases are expected to be 40 percent.

According to local officials, the minimum bus fare is expected to rise from 18 to 25 pesos, lifting the price freeze that has been in place since 2019. Tickets for trains . . .

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