During January, registered employees wages were maintained without variation after UOCRA’s parity agreement, which contained increase in December.
After the strong acceleration of December, the Construction cost index (ICC) went up 0.9% In January compared to the previous month, according to the National Institute of Statistics and Census (INDEC). In this way, the data was well below the inflation (2.2%).
The rise of construction cost It is explained by the Lack of increase in registered workers’ salaries (0%)while subcontractors They had increases and this subchapter advanced (+1.2%), This gave a rise in 0.2% In the chapter of “Labour”. The “Materials”meanwhile, they climbed 1.2% and the “Overheads” a 2.7%.
It should be noted that the strong rise in December was explained by the rise in the chapter “Labour” After the parity agreement of the OBRERA UNION OF THE Construction of the Argentine Republic (UOCRA).
image.png
The chapter “Overheads” incorporates the new tariff values that the National Electricity Regulatory Entity (ENRE) approved in the electric rates from January 1 to the distributors Edenor and Edesur, Within the framework of the comprehensive tariff reviews of both companies.
It also includes an update authorized by the Ministry of Public Works of the Ministry of Economy, in consumption values and water and sewer connections. And the increase in the values of all the concepts of the gas connection authorized by the regulatory entity is incorporated Enargas.
Source: Ambito
