After inflation of 25% in December, and an inflation expectation of close to 20% for January, different sectors of workers reached agreements with a limit of 30 to 60 days.
Unions, guilds and employers’ chambers have already defined the first increases in parity 2024 in a framework of salary delay with respect to the inflation which in December was around 25%.
The urgency of agreements in the different sectors of workers is gaining strength amid an escalation in inflation that began with 25% in December: inflation in the last month of 2023 accelerated to 33-year highs, registering 25.5%, double compared to the previous month (12.8%), as reported this Thursday, January 11, by the National Institute of Statistics and Censuses (INDEC).
In this way, throughout 2023, the CPI reached 211.4%, more than double the 94.8% accumulated in 2022, and the highest figure since 1990, when the price increase that year reached 1,343. 9%, at the end of hyperinflation.
This is how in recent weeks the unions and unions, including Uocra, UOM, Commerce and Banking, among others, reached agreements with a limit of 30 to 60 days so that the parties can renegotiate the increases according to the number of the Consumer Price Index (CPI) of INDEC.
pesos-billets.jpg
Depositphotos
Salary agreement: the 10 unions that agreed to parity according to inflation
Although a lower inflation number is expected than in December, for January the CPI could reach 20% and, in this framework, the accumulated inflation during the first two months of Javier Milei’s Government would reach 45%.
Within this framework, ten unions reached agreements adjusted to inflation:
- Pharmacists (91%)
- Insurance (54%)
- Loading and unloading (51%)
- Tankers (47%)
- Banking (43%)
- Oilers (41%)
- truckers (33%)
- Trade (30%)
- UOM (25%)
- UOCRA (twenty%)
January inflation could touch 20%, according to private estimates
January inflation would have a 20% ceiling according to private estimates that were known in recent days.
After the historic 25.5% in DecemberJanuary would show a positive result in relation to a change in trend, although the number is still discouraging.
The slowdown of the last two weeks would have put a brake on an index that the consultants saw as similar to that of December in the Survey of Market Expectations published by the Central Bank, but week after week, the partial measurements were lowering the projections for the area. of 20%.
Source: Ambito
