02/28/2020 - 16:30
- Clarín.com
- Economy
The National Institute of Statistics and Censuses (Indec) confirmed that wages lost 12.9 points compared to the price race in 2019, which ended up being the highest of the last 28 years.
The official statistics agency released its report on the Wage Index and remarked that the income of workers achieved a jump of 2.6 percent last December .
#DataINDEC
The salary index increased 2.6% in December 2019 compared to the previous month and 40.9% year-on-year https://t.co/kpFJ3XE6tr pic.twitter.com/5EO7poTQjr
In addition, he concluded that the accumulated advance in wages in 2019 was 40.9 percent, on average .
The latter figure, compared to the results of the Consumer Price Index (CPI), which is also produced by Indec, highlights the sharp fall in the purchasing power of workers .
It is that in December, the CPI jumped 3.7% over the previous month and thus ended the year with a jump of 53.8% , which determined the largest inflationary advance since 1991.
