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August 26, 2022
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Almost half of salary readjustments in July were below inflation

Industry confidence is on the rise again, after three months of decline

Almost half (48.1%) of salary readjustments negotiated in July were below the National Consumer Price Index (INPC). The average readjustment in the month was 11.9%. The percentage, on average, is equal to the inflation accumulated in the last 12 months, which in July totaled 11.9%. The median floor, in turn, was R$1,523, 25.7% above the minimum wage.Almost half of salary readjustments in July were below inflation

The figures are included in the Salariómetro – Labor Market and Collective Bargaining bulletin, published monthly by the Economic Research Institute Foundation (Fipe). The study also shows that in 33.2% of the negotiations, the percentage of readjustment was above inflation, a volume almost twice as high as in the last 12 months (17%).

In the analyzed period, 289 instruments, whether agreements or conventions, were signed with readjustment. In the year, negotiations total 10,706 and, in the last 12 months, 16,703. Fipe also highlights that two-thirds of the 2022 readjustments were within a percentage point above or below the INPC.

In the analysis by sector, the jewelry industry had a median real adjustment of 0.93%, considering the period from January to July. The worst result is for journalistic company workers, who had a negative real average adjustment, with -4.19%, that is, they did not recover inflation.

Fipe brings in the release a preview of August, indicating that 70.3% of the negotiations will have lower readjustments than the INPC; 1.7% will be equal to and 20% higher than inflation. The entity warns that the preview results are subject to fluctuations and may change with the inclusion of more instruments. Until closing, only 60 had been tabulated.

Methodology

The monitoring of collective bargaining is done through agreements and conventions registered with the Mediator of the Ministry of Economy, of the federal government.

Fipe collects the data and information available in the system, tabulates and organizes the observed values ​​for 40 collective bargaining results, gathered in agreements and conventions and also by economic activity and economic sectors.

The entity recalls that the average values ​​and medians of the results collected are not weighted by the number of workers covered in each segment, as this information is not included in the information deposited with the Mediator.

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