The data arises from a report published by the Research and Training Center of the Argentine Republic (Cifra).
He average real salary registered lost 21.3% from his purchasing capacity between November 2023 and January of this year. After this fall and taking into account the previous deterioration, the real salary for the first month of 2024 was equivalent to a little less than half than it was in November 2015.
These data come from a report published by the Research and Training Center of the Argentine Republic (Figure). As indicated by Cifra, this survey aims to calculate purchasing power of the average salaries taking into account this lag between the time in which salaries are earned and the period in which they are spent.
This concern is due to the fact that, given the strong acceleration that they showed prices starting last month Decembershows important differences in it purchasing power.
As could be anticipated in the face of the claim of public spending adjustment that the Government seeks to produce, the drop in purchasing power was higher for public sector salary that for the salary of private sectoralthough in both cases it was significant magnitudes of decline. Between November 2023 and January this year, the decrease in the sector private reached the 19.3% and for him public sector was practically 25%.
Salaries: how much the ability to acquire food varied
The loss of purchasing power can also be calculated in terms of food and drinks. In that case, the reduction reaches 23.8% between November 2023 and January 2024resulting in average values that are equivalent to less than half of what they were in November 2015.
On the other hand, since the price of food and drinks advanced above the general price levelit is also relevant to consider how the capacity of the salary to acquire essential goods is reducingas are the food.
Considering this evolution of salary is also a way of approaching the loss of purchasing power suffered by the lowest salaries, which are spent in greater proportion on this type of products.
Source: Ambito
