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11 months of decline: Inflation continues to affect wages, which fall 2pts again

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The INE also detailed that the Real Reward Index (Real IR) fell by 2.6% over the 12-month period, accumulating -1.8% movement so far this year.

The value of national wages continues to fall. National Statistics Office (rice)-reward 11.1% increase, After subtracting the effect of inflation, the real change becomes negative, It shows that the purchasing power of households has fallen by 2.6%.

is about 11 consecutive falls For this metric, we moderated its decline slightly compared to the previous month.

This was registering the shrinkage of 3 percentage points.

It should be noted that this scenario in rewards occurs in the context of inflation. Central Bank This session shows the IPC changes.

The preceding details show that: It increases by 0.9% in September, 0.85% in October and 0.5% in November.

On the other hand, it’s important to emphasize that the regular hourly average pay is $5,979. For women he reached $5,682 and for men he reached $6,235.

As a result, the gender gap in average remuneration during normal times was -8.9%, and the gender gap in labor costs per total hour was -9.0%.

Source: Biobiochile

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