Salaries decreased 2.3% in the last year

The wages of the Argentine economy showed a real loss of 2.3 percentage points last year for a nominal rise below official inflation, according to INDEC this afternoon.

It is essential to keep in mind that although there has been an acceleration of inflation, until May all the joint negotiations between the labor and employment sectors were completed. employers have not been resolved, the data can therefore be partial.

Purchasing power intermittently at certain times usually occurs when prices accelerate outside forecasts. In other words, wages, almost always, are behind inflation.

With a general increase in retail prices reported by the Indec of 26.3% for the last twelve months up to May, the total wage index showed a nominal growth of 24 %. There was a 2.3 percentage point reduction in workers' purchasing power.

This nominal wage increase is the result of an increase of 24.2% in the total registered and 23.3% of the non-registered Private sector, according to the report released Tuesday by the statistical agency .

The total recorded wage index (ie, white) increased by 24.2% over the last twelve months up to May, as a result the increase of 25.4% in the private sector and an increase of 22.2% in the public sector.

So, the worst case scenario was for public sector workers, who lost 4.1 percentage points in the annual comparison of your income And the informal economy workers, who lost 3 percentage points follow him in that direction.

The wage index estimates changes in wages paid into the economy by isolating the indicator from variations related to concepts such as the number of hours worked, the absenteeism, productivity gains and any other concept badociated with the performance or Characteristics of individuals

Monthly Data for May

The Wage Index of l & 39 all registered households grew by 2.1% in May 2018 compared to the previous month, a consequence of the 2.5% increase in the registered private sector and a 1.6% increase in the public sector.

And the total wage index confirmed an increase of 1.5% in May 2018 compared to April of 2018, due to the increase in recorded wages of 2.1% and the 0.9% decline in the non-registered private sector.