Overview
- Argentina’s ANSES paid January benefits with a 2.47% mobility increase based on November CPI and kept the extraordinary bonus, yielding a minimum take-home near 419,299 pesos.
- ANSES formally clarified that the bonus is now variable and decreasing: 70,000 pesos at the minimum, proportional above that level, and discontinued once the monthly cap is reached.
- February’s second adjustment will be set from December inflation to be published by INDEC in mid-January, with private estimates pointing to roughly 2–2.5%.
- Decree 929/2025 applies partial January increases to fuel levies—gasoline ICL +17.291 and IDC +1.059 pesos per litre; diesel ICL +14.390 and IDC +1.640, plus a 7.792-peso differential for Patagonian regimes—with the remaining updates deferred to February 1.
- Mexico’s tax package took effect January 1, raising IEPS on sugary drinks to 3.8 pesos per litre, imposing 1.5 pesos per litre on artificially sweetened drinks, lifting per-unit cigarette charges, and doubling tariffs to 50% on imports from non-treaty countries, as SHCP projects 5.84 trillion pesos in 2026 tax revenue.