Salaries would recover again in May, after three months of falls

Salaries would recover again in May, after three months of falls

The salary agreements of the great guilds relieved averaged a monthly increase of 1.9%. At the end of the first four-month period of the year almost all the great guilds run below the accumulated inflation 11.6%- product of the lag that wages accumulate of the barefoot of March.

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For the first time since last January, wages would beat inflation again in May, According to a study of Synopsis. Thus, it will be if the consumer price index (CPI) is below 2.4% that is the average adjustment agreed in the parity, according to a survey of this consultant (private estimates project an increase around 2% for the CPI of the month that has just concluded).

In this way, a situation would be reversed in which the increases granted in peers had been located below inflation. According to the consultant he directs Lucas Romero, The salary increases in February, March and April were lower than the increase in the consumer price index, Particularly in the third month of the year, when inflation rebounded to 3.7% and the peers agreed for 1.9%.

Of all the agreements surveyed, only 5 charged increases less than 2% monthly, of which one is the trade union that signed extra fixed sums to its 1.8% increase.

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Synopsis source.

The average increases per month of the agreements concluded by large unions remains far from the reference pattern promoted by the 1% monthly adjustment government. During the first quarter, the salary agreements of the great relieved guilds averaged a monthly increase of 1.9%. In this second quarter, only considering the existing records for each guild so far, the average monthly rise fell a few tenths, up to 1.6%.

In annualized terms, the joint agreements contemplated in May 36.5%, something below the preceding month (37.7%). The decreasing trend that this series had been showing was interrupted in April, after the inflationary rebound of March, but anyway it shows a marked reduction -in March 2024 the increases the salary adjustments travel at a speed of 233% -.

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Synopsis source.

Winners and losers

Closed the first four -month period of the year, it is observed that, with the exception of Smata and the banking, All great guilds run below accumulated inflation 11.6%-. This is the product of the lag that wages accumulate of the barefoot of March, which left the backward agreements with respect to the speed of prices.

It should be clarified that the mechanics charge the quarterly increase in a quota at the beginning that allowed them to beat the CPI in 5.6%, while the banking indexing the increases remaining, in this way, tied.

For the remaining, The losses range from 3%, in the case of estationers, at 7.9% in the case of railways.

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Source: Ambito

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