Real wages in Uruguay fell in September and lost to inflation

Real wages in Uruguay fell in September and lost to inflation

The loss of purchasing or purchasing power in September is presented as a difference or lag in the indexation of nominal wageswhose increase is not enough to consume the same as a year ago (product of generalized and sustained increases in the basket).

https://twitter.com/ine_uruguay/status/1587129162493566977

If it is about nominal increases, the IMS for September stands at 0.18% compared to October, where the sectors that bid the most in the private branch according to the INE were: “financial intermediation”, “manufacturing industries” Y “wholesale and retail”registering increases of 0.07%, 0.06% and 0.04% respectively.

The greatest variations come from “education” (13.54%), “transport, storage and communications” (11.38%) and “social and health services” (10.72%).

For him public sector the monthly variation of the IMS stands at 0.07% where the “central government” and the “public companies” jointly show a negative variation of 0.08% evenly distributed. It was “departmental governments” who stood out with a 0.15% increase.

Despite the accumulated variation of the IMS in the last 12 months, both for the private branch (10.46%) and the public sector (8.86%), the actual IMS it fell 0.68% in relation to October (due to inter-monthly falls of 0.63% and 0.76% for the private and public sectors, respectively), reaching a reduction in inter-annual purchasing power of 0.06%.

Source: Ambito

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