In the first quarter of the year, salaries agreed by the great unions, in general, lost against inflationaccording to a recent report.
According to the analysis of the Synopsis consultancy, with the exception of The banking that indexed their joint to the consumer price index, and the mechanics of SMATA, which signed 8.8% quarterly in January, salaries agreed by All great guilds evolved below inflation at the start of 2025.
It was a period in which the government worked so that the joint increases approached the reference pattern of 1% monthly, according to the consultant he directs Lucas Romero.
Lagged salaries
The greatest losses corresponded to the railway unions, health, food and public employees (UPCN) that accumulate A setback between -4% and -6% in the period January to March.
Thus, at least for these workers, the rebound to 3.7% in inflation registered in March has interrupted recovery in real income.
It should be remembered that wages had a pronounced fall at the beginning of last year. Between July 2023 and March 2024, more than 20% decreased in relation to inflation, according to the ACM consultant. But since April of last year they begin to recover.
The last measurement of INDEC, corresponding to last February, shows that salaries on average were recovered 19% in relation to a year ago. In the registered private sector, 13% rose while for the public sector the increase was 7%, always in interannual terms.
Official data show that the average blank salary amounted to $ 1,310,000 last February, equivalent to about $ 1,200 at the official exchange rate or $ 1,100 according to the quote of financial.
Reaction to the rise of inflation
After the acceleration of the price index in March, Joint negotiations reacted by carrying the average increases from April to 2.7%, According to Synopsis. In this way it interrupted the decreasing trend that had been giving since the beginning of the year, with adjustments that went from 2.9% in December to 1.9% in the last March.
The government’s expectation is that inflation will slow down in the coming months and, consequently, the real salary is recomposed.
In this sense they play decisions such as not intervening in the change market, allowing the dollar to approach the floor of the flotation band, the decrease of 4% in the gasoline or the adjustment of rates below the last record of the price index -2.5 to 3% for light and gas and 1% for water -.
Variation of wages in the first quarter of 2025
SALARIOS SALARIES VS INFACCACIÓN SYNOPSIS SECTOR FIRST HURETER 2025 2.JPG
Source: Ambito
