Salaries outpaced inflation in May, and Milei celebrated it on social media.

The National Institute of Statistics and Censuses (INDEC) reported that the wage index for May 2025 recorded an average increase of 3%, which means that workers' wages outpaced inflation for the same period, which was 1.5%.

With this result, real wages showed an improvement, in line with the process of slowing inflation that has been recorded in recent months.

President Javier Milei highlighted the data through his account on X, where he posted: "NOT SUITABLE FOR MANDRILS Real wages keep growing... VLLC!".

Posteo del Presidente Milei en su cuenta de "X".

In the cumulative total for the first five months of the year, the wage index showed an increase of 16.1%, while, since December 2024, the rise was 17.2%.

The improvement in May was mainly driven by the strong growth of the unregistered private sector, which recorded a 5.6% increase. Meanwhile, the public sector showed a 3.3% rise, while the registered private sector had an increase of 2%.

In year-on-year terms, the general indicator showed an increase of 65.7%. The breakdown by sector shows that wages in the registered private sector grew by 52.5%, those in the public sector rose by 51.3%, and those in the unregistered private sector recorded a remarkable variation of 167.1%, showing a more marked recovery among informal workers.

Regarding inflation, INDEC specified that the consumer price index for May was 1.5%, accumulating a variation of 13.3% between January and May 2025. Compared to April, the figure represented a deceleration of 1.3 percentage points.

In the year-on-year comparison, the increase was 43.5%. The divisions that rose the most in May were Restaurants and hotels (4.1%) and Recreation and culture (4%), while the smallest variations were recorded in Transport (1.7%) and Household equipment and maintenance (0.9%).

Meanwhile, June inflation reached 1.6%, bringing the cumulative total for the first half of the year to 15.1%. In year-on-year terms, the price index stood at 39.4%, marking fourteen consecutive months of deceleration compared to the same period of the previous year.

The wage and price outlook reflects a trend of recovery in purchasing power within the framework of the economic policy implemented by the Government, which seeks to consolidate lower inflation and fiscal order as central pillars of its program.