US EditionPurchasing Power of Wages Expected to Continue to Increase
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The purchasing power of wages has increased by 3.9% last year. Although the pace of wage increases has slowed in recent years, it can be assumed that purchasing power will continue to increase in the coming months. This is stated in Landsbankinn's new economic forecast. Over the weekend, Statistics Iceland published an updated measurement of the wage index for April. It rose by 1.8% from the previous month and has risen by 8.2% over the past yea…
Javier Milei’s administration’s economic and social policy is consolidating a regression in income distribution. While the purchasing power to import and travel abroad is approaching peaks over the last two decades, the purchasing power linked to the basic basket and poverty indicators is between 10 and 15% below. “The current economic program, by using the exchange rate as an anchor, decouples the evolution of salary in real wage dollars, which…
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