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July 30, 2022
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The Salary Index increased 1.1% above inflation during May

Argentina showed one of the most inclusive responses in the world to the pandemic

The May increases: 7% in the salaries of private workers, 6.6% in those of public employees, and 3.2% in the income of unregistered employees / Photo: File.

The Salary Index registered an increase of 6.2% in May, above the 5.1% registered by inflation, as a result of a 7% rise in the salaries of private workers, 6.6% in those of public employees, and 3.2% in the income of unregistered employees, reported this Friday the National Institute of Statistics and Censuses (Indec).

Thus, in the first five months of the year the index closed with an average increase of 28.1%, against inflation of 29.3%.

This rise in the index was the product of a 29.4% increase in the salaries of private workers, 29.3% in those of public employees and 22.3% in unregistered workers, the agency reported.

Telam SE

However, in the last twelve months, the Index showed an average rise of 63.6%, compared to 60.7% for the Consumer Price Index.

The improvement in wages was driven by a 63% rise in the income of private workers, 71.7% in public employees and 52.8% in the income of “black workers”.



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