The National Institute of Statistics and Censuses (INDEC) will announce the variation of the Consumer Price Index (CPI) for the month of March this Friday afternoon and private consultants expect a peak of almost 7% to be registered. of increase. The experts who participate in the Survey of Market Expectations (REM) carried out monthly by the Central Bank of the Argentine Republic (BCRA), last month’s inflation would have continued to rise after the 6.6% registered last February.
The largest increases would have originated in the food and beverages category; Clothes and shoes; increases in transportation and energy rates, and in education. The drought, the change of season and the start of classes are factors that particularly influence this time.
Within this framework of incessant price increases, the Argentine Government agreed with the General Confederation of Labor (CGT) that additional wages be exempted from the payment of Income Tax to maintain the purchasing power of workers. The measure announced on Monday of this week will make it effective that the tax will not be applied to items such as overtime, mobility, per diem and productivity, among others.
Sources from the economic portfolio remarked that the rule would benefit around 600,000 formal employees under a dependency relationship, published telam.
