Inflation vs. Wages: Why Domestic Consumption Weakens, According to Official Data
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The purchasing power of wages in the private sector showed a further decline in March. Official records indicate that the average private sector wage lost 0.3% of its purchasing power compared to the previous month, while the average wage as defined by the main Collective Bargaining Agreements (CBAs) experienced a real contraction of 0.5% in the same period. According to the Ministry of Labor, the wage trend presents nuances when considering med…
The weakness of domestic consumption is largely explained by the loss of purchasing power of wages, which is certified by the comparison of official inflation rates and wage developments. According to the INDEC, inflation in March was 3.4 per cent, while the Average Imponable Compensation of Stable Workers (RIPTE) published by the Ministry of Human Capital through the Ministry of Labour recorded an increase of 2.4 per cent. When the quarter is o…
The weakness of domestic consumption is largely explained by the loss of purchasing power of wages, which is certified when comparing official inflation indexes and wage evolution. According to the INDEC, the inflation in March was 3.4%, while the Average Imponable Remuneration of Stable Workers (RIPTE) published by the Ministry of Human Capital through the Ministry of Labour recorded an increase of 2.4%. When the quarter is observed, the trend …
This is how information from the INDEC and the Ministry of Human Capital flows.
Noticias Argentinas | Agencia de noticias
Ricardo Raul BenedettiBuenos Aires, 15 May (NA) -- The weakness of domestic consumption is largely explained by the loss of purchasing power of wages, which is certified when comparing official inflation indexes and wage evolution. According to INDEC, the March inflation was 3.4%, while the Average Imponable Compensation of Stable Workers (RIPTE) published by the Ministry of Human Capital through the Ministry of Labour recorded a growth of 2.4%. When the quarter is o…
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