In February, wages rose in Argentina: how they fared against inflation
This was reported by the National Institute of Statistics and Census (INDEC) Salary Index. Salaries increased compared to the previous month, accumulating a 98.8% year-over-year increase.
The National Institute of Statistics and Census (INDEC) wage index revealed that, during February 2025, wages showed an improvement again , although they still fell short of year-on-year inflation . The most notable finding was the growth in income in the informal sector, which far outpaced that of formal employment .
There was a 3.8% increase compared to the previous month , bringing the total to a 6.9% rise so far this year. Year-on-year, wages increased by 98.8% , according to the official agency.
wage index
Indec
Monthly growth was driven primarily by the unregistered private sector , which grew 7.9% . The public sector grew 4.5% , while the registered private sector posted a more moderate 2.3% increase.
By comparison, inflation in February was 2.4%, according to INDEC data, up from 4.7% in the first two months of the year and 66.9% year-over-year.
Although wages grew monthly above inflation in February, the year-on-year wage growth (98.8%) remains below the cumulative inflation rate of the previous 12 months (66.9%) . This indicates that, in real terms, workers' incomes have not yet fully recovered the purchasing power lost in previous years.
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