The purchasing power of wages fell 1.6% in the 12 months to June, above the moving year closed to May (-1.14%). In the private sector the decrease was 1.92% while in the public sector it reached 1.07%.
According to the National Institute of Statistics (INE) this Friday, the Average Salary Index (IMS) advanced 0.07% in June (versus -0.63% last year), 5.37% in the first accumulated January-June and 7.52% in the last 12 months. For its part, inflation closed in the 12 months to June at 9.29%.
The Average Index of Nominal Salaries (IMSN) for June 2022 registered a monthly variation of 0.08%, accumulated in the year of 5.35% and in the last 12 months of 7.52%.
INE
The IMS of the private sector had a monthly variation of 0.11% in June, fundamentally due to the incidence of the section: transport, storage and
communications (0.07%), according to the INE. Meanwhile, in the public sector, the IMS had a monthly fall of 0.01%, which is explained by the incidences of the Central Government (-0.05%), public companies (0.04%) and departmental governments (0%). .
According to the INE, the Index Median Real Salary (based on July 2008 =100) had a rise monthly drop of 0.51% in Juneproduct of the variations of the private sector (-0.47%) and the public sector (-0.59%).
The purchasing power of the workers has surely hit a floor at the end of the first semester. Since July, a 2% advance payment has been in force for public sector workers, while a significant part of private sector employees will receive corrections for past inflation.
Household income fell in the second quarter
The median household income during the second quarter (April-June) was $77,480, while the median per capita income was $27,592, according to the INE. In both cases there was a decrease versus the first quarter, which was $79,000 and $28,026, respectively.
The point estimate of the average household income (at current values (without discounting inflation), without Christmas bonus and without rental value) for the entire country for the April-June period was $1,520 below the estimate corresponding to the quarter previous ($79,000), but was $5,746 higher than the same period last year.
INE
Meanwhile, the punctual estimate of the average household income at constant values (after discounting inflation) was $267 lower compared to the second quarter of 2021 ($20,972) and is $988 lower than the estimated value for the January-March quarter ( $21,693).
