So far this year, wages have accumulated a 6.9% increase in the first two months, compared to the 4.7% increase in the Consumer Price Index (CPI) in the same period. This indicates a real recovery in the purchasing power of the average wage.
With this result, salaries have accumulated eleven consecutive months of recovery in real terms
So far this year, wages have accumulated a 6.9% increase in the first two months, compared to the 4.7% increase in the Consumer Price Index (CPI) in the same period. This indicates a real recovery in the purchasing power of the average wage.
The National Institute of Statistics and Censuses (INDEC) reported this Tuesday that the wage index recorded a 3.8% increase during the month of February, surpassing the inflation of the same month, which was 2.4%.
With this result, wages have accumulated eleven consecutive months of real-term recovery, consolidating a positive trend for workers' incomes, thanks to the economic recovery achieved by the Government of Javier Milei.
The monthly growth of the index is explained by the increases recorded in different sectors. In detail, the public sector had a 4.5% increase, while the unregistered (informal) private sector showed a notable rise of 7.9%. Meanwhile, workers in the registered private sector experienced a 2.3% improvement.
From an annual perspective, the wage index showed a 98.8% increase, standing well above the accumulated inflation over twelve months, which reached 66.9%. This growth was driven by variations in different sectors: the registered private sector showed an 89.3% increase, the public sector 79.2%, and, in a notable contrast, the unregistered private sector soared with a 195.6% increase.
These data reinforce the trend of recovery of labor income in Argentina, after years of declines due to the economic crisis of previous governments. Since the arrival of President Javier Milei and the implementation of reforms, inflation has plummeted, allowing wages to begin growing above price increases.