The salaries rose on average 11.7% in September and so far this year they have accumulated an advance of 96.5%as reported this Friday by the National Institute of Statistics and Censuses (INDEC).
In this way, they were one percentage point (pp) below the inflation of that month which marked 12.7%, but in the first nine months of the year they were 6.7 pp, below the Consumer Price Index (CPI) which measures the same statistical center.
Meanwhile, in the year-on-year comparison, Argentines’ assets rose 132% and were 6.3 pp below the official price variation.
What was the monthly increase for each segment?
As usually happens, the informal sector It is the one that has the least strength to fight the salary, which is why in September it obtained an increase of only 7.5%, remaining 5.2 pp below inflation.
Meanwhile, the private sector obtained a salary increase of 11%, remaining 1.7 pp below the price variation of the ninth month of the year. While the most benefited was the public sector which obtained a 13% increase, exceeding 0.3 pp. inflation.
Unrecorded salaries: the big losers from inflation
While inflation in the year reached 103.2% in the first nine months of the year, The salary increase of non-registered employees failed to exceed three digits and stood at 76%, suffering a loss of purchasing power of almost 30 pp.. Although in the year-on-year comparison they continue to lose almost 45 pp of purchasing power.
For its part, private sector salaries were close to inflation. The year-on-year increase in salaries was 136.6% while that of the first nine months of the year reached 100.2%.
The only ones that gained against inflation were the salaries of public employeeswhich rose 144.9% year-on-year, but in the first nine months of the year they suffered a small drop in purchasing power, remaining 3 pp below inflation, at 100.2%.
Source: Ambito
