For its part, the registered private sector had an increase in April of 5.6%, with an accumulated figure for the year of 21% and a year-on-year variation of 57.7%. As for the public sector rose 2.7% in the monthly measurement, 21.3% so far in 2022, and 65.6% year-on-year. Jointly marked a rise of 4.5% in April21.1% in the accumulated variation and 60.5% in the interannual variation.
“The high and persistent inflation of recent years is leaving a very negative balance for the purchasing power of Argentine workers. In the last 5 years, inflation has remained at annual levels close to 50%, and wages cannot at least avoid losing against prices. A political and economic consensus is essential for this dynamic to change as soon as possible,” said economist Nadin Argañaraz.
In year-on-year terms, the Salary Index showed a growth of 58.4%as a result of increases of 57.7% in the registered private sector, 65.6% in the public sector and 49.4% in the unregistered private sector.
In the first quarter of 2022, registered private workers and public workers “lost the equivalent of 70% of an average monthly salary in 2017”expanded Argañaraz and confirmed that as for the informal, “they are the ones who lose the most with inflation, they lost the equivalent of 90% of a monthly salary”.
Source: Ambito
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