Wages increased but lost against inflation in April

The Salary Index registered an increase of 5.7% in April 2023 and was below inflation (8.4%)as reported this Friday, June 30, by the National Institute of Statistics and Censuses (Indec).

In April, salaries in the public administration showed an increase of 4.1%, in the private sector the increase was 6.9% and in the informal sector 4.8%.

Thus, in the first four months of the year, and against accumulated inflation of 32%, the index increased 29.1%, as a result of a 30.6% rise in the salaries of public employees; 28.9% in the salaries of workers in the private sector and 27.1% in the unregistered.

In year-on-year terms, wages lost against inflation: they increased an average of 103.8% while prices advanced 108.8%.

This as a consequence of increases of 106.4% in the registered private sector, 114.7% in the public sector and 77.5% in the unregistered private sector.

What is the average salary sought by Argentines

It should be noted that in the first quarter, according to INDEC’s Permanent Household Survey (EPH), the average income of the salaried population (9,595,073 people) was $120,973. In the case of wage earners with a retirement discount, it was $151,773 (+90% year-on-year) and for those without a retirement discount, median income was in the $65,657 (+79.2% year-on-year).


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