The National Institute of Statistics and Censuses (INDEC) reported that the wage index registered a 3.2% increase compared to July in August, surpassing the inflation rate for the same month, which was 1.9%.
This way, the incomes of both formal and informal workers experienced a real improvement of 1.3 percentage points, in line with the trend of purchasing power recovery observed in recent months, thanks to the successful economic program implemented by the Government of Javier Milei.
According to the official report, wages accumulated a 27.6% increase in the first eight months of 2025, while accumulated inflation during that period was 19.5%. This means that, on average, salaries grew 8.1 points above the general price increase so far this year.
Javier Milei junto al ministro caputo.
The wage growth in August was explained by increases of 2.2% in the registered private sector, 2.8% in the public sector, and 6% in the unregistered private sector. This last group, which includes informal workers, showed a significant recovery.
On a year-over-year basis, the wage index rose by 49.6%, driven by increases of 36.1% in the formal private sector, 38.8% in the public sector, and a remarkable 129.9% among unregistered employees. This last variation reflects both the improvement in informal wages and the effect of regularizing workers and adjusting incomes in segments of the economy that had lagged behind last year's inflation.
Javier Milei junto a Luis Caputo.
The INDEC report also highlights that the improvement in real incomes remains in line with the economic stabilization process promoted by the Government, which seeks to consolidate the decline in inflation and restore the purchasing power of wages. The positive evolution of the index, according to private analysts, could support the recovery of consumption in the last quarter of the year if the trend of growth above the price level continues.
With this result, August became the third consecutive month in which wages outpaced inflation, a fact that the Executive considers key to sustaining the gradual reactivation of economic activity and the strengthening of household income.
