In one of his latest reports, the Research and Training Center of the Argentine Republic (figure) He explained that the purchasing power suffered a strong fall due to the devaluation and subsequent price rise during the beginning of the presidency of Javier Milei, a process that was later followed by a “partial recovery of this purchasing power, as inflation slowed down.” He Process “reached a roof in November 2024”.
Disaggregated, the disparity that was already observed between public and private sector wages is deepened. Under the current CPI, private wage earners lost 0.6% of their purchasing power in that period of time. If alternative measurement is used, that fall increases to 4.4%.
For its part, Public wages are 14.3% below of the level they had before the assumption of the current government, while That drop is 17.6% with the new methodology.
Currently, the Price Index that measures INDEwhich was carried out during the government of Mauricio Macri, after the intervention of INDEC during Kirchnerism.
That readjust 2017 and 2018 With a new edition of the survey, which allowed to better reflect the current consumer patterns. However, it was not yet applied, despite the fact that the technical work of the new CPI is completed since the end of 2024.
In the last staff report, the own IMP He echoed the matter and said that “INDEC is expected to publish at the end of 2025 he Updated CPIbased on the 2017-2018 household expenses survey, To better reflect structural changes in cost patterns and improve data quality “. He added that “The precise moment of this publication will be discussed in the context of the next review”.
Revenue
Even without updated data, there are several indicators that account for the strong contraction of purchasing power. For example, The minimum wage fell 32.5% From November 2023 to August of this year. “If the minimum wage had not lost purchasing power over this decade, it would currently exceed $ 740,000”they illustrated from a figure.
And stressed that currently “the real value of the minimum wage It is inferior to the one that governed during most of the 1990s and in the final crisis of the convertibility regime. ”
In line, the AVAILABLE INCOME OF THE Average AMBA HOME 0.4% real during June, the third monthly fall in the last four months fell, according to Empiria. That way, the first semester closed with A AVAILABLE INCOME 1% above the level of December 2024, but 7% lower than November 2023.
For its part, the Economic Studies Management of the Province Bank He found that Loans to families climbed more than 60% Real between November 2023 and July 2025. “As a result, they went from representing just over 5% of the total resources of households to more than 8% of these: the loss of purchasing power reduced the weight of labor income, in a context where the complement of financial income allowed to sustain and even accelerate demand in some case,” they detailed.
In addition, they added that “Credit is not the only way to complement income: It is also to look for an additional job. “And they explained that in the first quarter of 2025“Almost 1 in 10 workers had more than one job: number averaged in 2017-2019 “while between 2021 and 2023 That number was 7.5%.
Source: Ambito
