Inflation is running at 4% and the wage agreements of the main unions are moving in that direction, according to a Facimex report that analyzes 187 collective bargaining agreements. This phenomenon threatens the recovery of wages, compared to the previous delay due to devaluation and inflation.
This year’s collective bargaining negotiations are showing a clear decline in the increases agreed by the main unions that bet on going in line with inflationaccording to the latest report from Facimex, which analyses 187 wage agreements. With the Consumer Price Index (CPI) slowing or stagnating at around 4%, this phenomenon implies the impossibility of recovering wages.
The dynamics of the collective bargaining agreements are key to the short-term inflation scenario, since feeds the effects of inertia by adjusting for past CPIthe consultant emphasizes. Something similar happens with the rentalswhich went up 11.5% in August and had a direct impact on 0.4 percentage points on the national price measurement.
How much did salaries increase in each sector?
The latest increases of the main unions were between 3% and 4.5%in line with inflation that has been traveling at 4% monthly. The banking sectorclosed on Monday a 4.2% monthly for Augustindexed by the CPI, while the UOCRA agreed to an increase of 9.2% for the August-September two-month period; truckers a 11% for the September-November quarter; the guild metallurgical He did it with a 12.5% for the months between July and October; and trade agreed to an increase of 13.5% for the June-August quarter.
The median of the agreed increases was 18.2% in the first quarter, 12.6% in the second and 5.7% so far in the third. “Looking at the dynamics, the moving median of the last 30 agreements shows that the agreed increases have been hovering at 4% per month, a metric that has remained stable since the last week of August,” he points out. Facimex.
This year’s collective bargaining negotiations have also shown a certain extension in the deadlines for discussing new increases.: While 75% of agreements were negotiated within a period of up to three months in the first quarter, that percentage dropped to 56% in the second and 47% so far in the third.
In the first quarter, 15% of collective bargaining agreements were negotiated for a period of between three and twelve months, a percentage that increased to 37% in the second and 49% in the third.
Source: Ambito
