Wages: below March inflation despite the increase
Despite the poor monthly outlook, wages in Argentina managed to rise above the year-over-year level.
The National Institute of Statistics and Census ( INDEC ) reported that the wage index registered a 3% monthly increase in March . On the other hand, it failed to match the Consumer Price Index (CPI) for March, which closed at 3.7% .
However, year-over-year wages increased by 85.7% , surpassing the March year-on-year inflation rate of 55.9%. According to INDEC, the monthly growth was driven primarily by the unregistered private sector (5.1%).
The wage index rose 3% in March 2025 compared to the previous month and 85.7% year-on-year.
X / @INDECArgentina
Given this scenario, the registered private sector grew by 2.2% and the public sector by 3.3 %. Year-on-year, the wage index rose by 85.7%, reflecting increases of 75.8% in the registered private sector, 66.7% in the public sector, and 183.1% in the unregistered private sector .
Compared to December 2024, wages have risen 10% in the third quarter. This is due to a 23.2% increase in the unregistered private sector, an 8.9% increase in the public sector, and a 6.9% increase in the registered private sector.
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