since the new formula was applied they always beat inflation (with Macri’s, no)

since the new formula was applied they always beat inflation (with Macri’s, no)

“A popular myth (or an obvious and malicious misinformation) says that increases are only granted to the minimum. Although the bonuses were exceptionally designed for the lowest strata, the increases granted by law are for all pensioners equally,” he adds. .

The March increase will be 12.28%. “According to the inflation estimates for February and March, even in the worst inflationary scenario, the increase will beat the inflation of the quarter“, sustains the report and adds that of five increases that this formula gave since its application, four were above inflation.

The Undav makes the following clarification: “Since its application (that is, taking into account the four increases during 2021 plus an increase this year) the accumulated increase of the new formula was 71.4%. In the same period, accumulated inflation was 69.1% (below the new formula)”.

Also in the same period, the previous formula (the one applied by the government of Mauricio Macri) would have granted an accumulated increase of 63.3%. Therefore, “the new mobility formula (which imitates the formula that was applied during the 2008-2015 period) guaranteed greater increases than the macrista formula and exceeded inflation,” the study concludes.

According to the Public Policy Observatory: “The new mobility formula has guaranteed increases above inflation, which means that it recovers the purchasing power of all benefits, gradually, constantly and sustained over time.”

They also mention that the mobility law applied during the Cristina government (2008-2015) had a substantial improvement of 26% in the purchasing power of pensions and that made them the highest in Latin America.

Source: Ambito

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