Macroeconomy/Finance

Indec. In 2019, wages lost almost 13 percentage points to inflation

The wage index increased by 2.6% in December 2019 compared to the previous month, and reached 40.9% year-on-year, the National Institute of Statistics (Indec) published today. If the data is crossed with the official price index measured by the same agency, it shows that last year wages lost 12.9 points against inflation, which reached 53.8%.

Source: La Nación

Categories: Macroeconomy/Finance