The wages of Uruguayan workers preserved their purchasing power in March, after the Average Real Wage Index remained unchanged after the small nominal rebound that general remunerations experienced during the third month of the year.
According to data from the National Institute of Statistics (INE) he Average Salary Index (IMS) registered a monthly variation of 0.02% in March, the same as that recorded by the Consumer Price Index (CPI) in the same month.
The real salary (Base July 2008 = 100) thus presented practically zero variation, while in the private sector the same was 0.02% and in the public sector of 0.04%.
In the accumulated year, the real salary grew by 2.47%, while the inflation it did 2.20%. In turn, on a year-on-year basis the real salary was also higher, as it rose 4.47%, while the CPI rose 3.80%.
In the breakdown, they grew by 1.96% in the accumulated annual period in the private sector, and 3.38% in the public sector, while in the last 12 months they grew by 5.28% and 3.05%, respectively.
The Average Salary Index grew by 4.73% so far this year
For its part, the IMS has an accumulated annual increase of 4.73% and a variation that reaches 8.44% in the last twelve months. Both are lower than last year’s records, when these were 5.58% as of March and 10.53% year-on-year.
In the private sector, the section “Wholesale and retail trade; vehicle repair” presented a variation of 0.03%, “Manufacturing industries” of 0.01%. Likewise, “Financial Intermediation” completed the monthly podium with another 0.01%.
Regarding the public sector, the main impact was the “Central Governments” category, with a decline of 0.13%. “Public Companies” had a variation of 0.08% and “Departmental Governments” of 0.04%.
Source: Ambito
