#DatoINDEC#IPC: The division with the highest monthly rise in January 2025 was restaurants and hotels (5.3%), while clothing and footwear dropped 0.7% https://t.co/a3ua2usqzk pic.twitter.com/DsMuK6RJ4I
– INDEC Argentina (@indecargentina) February 13, 2025
The Government celebrated the data in advance, “it is the lowest since 2020,” said Luis Caputo, and seeks to find some air in the midst of the crisis of its management and the problems in the economy due to exchange appreciation and lack of dollars.
“It is around what the market predicted, which based on expectations is in the order of 2.3%, and I believe that it should come around that, which will be the most under our” , celebrated the Minister of Economy in Social Networks on the index that would later disseminate Indec.
Taking into account the average inflation and salaries of the year 2024 in relation to the average of the previous year, the workers had an accumulated loss of 15%. The most affected were the unregistered ones that lost 25%, followed by the registered public sector that lost 22%of its purchasing power and finally the private registered that the fall was 8%.
In December the average salary of registered workers, measured by the Ripte index that the Ministry of Labor prepares, lost again in front of inflation.
Inflation showed in January a slight deceleration, but it is undervalued depending on the methodological desettualization of INDEC and if updated it would be higher. This also has consequences on the fall of purchasing power, that is, the collapse of purchasing power would be greater. According to a CEPA report, in September in relation to November 2023, if the inflation measured with the 2017/8 Engo, the real losses of the salaries would be: -9.1% the private sector registered, -22,5 % the public, -27.2% the unregistered. There is nothing to celebrate.
In development.
Source: www.laizquierdadiario.com
