Friday December 30, 2022 | 10:15 a.m.
As for salary increases, they rose 5.1% in October, according to the National Institute of Statistics and Censuses (INDEC) this Thursday.
The wage index showed an increase of 5.1% in October, but it was below retail inflation (6.3%), as reported on Thursday by the National Institute of Statistics and Censuses (INDEC).
For this reason, they accumulated a rise of 69.5% in the first 10 months of the year, but this figure was below the inflation rate, which in the same period was 76.6%.
The growth in salaries is differentiated as a result of increases of 5.3% in the private sector (registered) and 6% in the public sector. According to what INDEC reports, the registered private sector saw an increase in their salaries of 72.7% on average, showing an interannual variation of 83%.
Regarding the public sector, the accumulated data up to October reflects an increase of 72.7%, and an interannual increase of 82.2%. Meanwhile, the increase in income from non-registered employees was 54.6% from January to October, with a year-on-year variation of 70.7.
As of October 2022, the wage index accumulates a 69.5% increase compared to December of the previous year, due to an increase of 72.7% in the registered private sector, 72.7% in the public sector and 54, 6% in the private not registered.
In September, the Wage Index had registered an increase of 6.7%, accumulating in the first nine months of the year a rise of 61.2% and a rise of 78.7% compared to the same month last year.