Real wages rose 0.47% in April, but continue to lose against inflation

Real wages rose 0.47% in April, but continue to lose against inflation


File Photo: Carlos Loria / LARED21
File Photo: Carlos Loria / LARED21

The National Institute of Statistics (INE) published its measurement of the Average Salary Index (IMS) which, according to the numbers, showed a small recovery of 0.66% in April compared to March, accumulating 5.20% in the year and 7.24% in the last 12 months.

“The Private Sector of the IMS presents a monthly variation of 0.76%, mainly due to the incidences of the sections: Construction (0.62%) and Manufacturing Industry (0.09%)”, indicated the INE in its technical bulletin .

“The Public Sector of the IMS presents a monthly variation of 0.48% that is explained by the incidences of the Central Governments (0.09%), Public Companies (0.05) and Departmental Governments (0.34%)”, he adds. the organism.

Employment, unemployment and inflation

In April 2022, the same month whose measurement is being presented by the INE, the activity rate was 61.7%, the employment rate was 56.9% and unemployment stood at 7.7%.

In Montevideo, activity was 62.8%, employment 58.1% and unemployment 7.6%. Inside, in the same order, the numbers were 60.9%, 56.2% and 7.8%.

The Consumer Price Index, which is understood as the main meter to verify inflation, registered a monthly variation of 0.49% in April, accumulated in the year of 4.94% and in the last 12 months of 9.37 %.

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