April’s RIPTE (Average Taxable Income of Stable Workers) index, shows that Argentina’s average formal wage lost against inflation and fell in real terms by 1.3% year-on-year. Thus, the legal gross salary in May in dollars would be $813 measured to the official dollar; but converted to the Settled dollar, which is another way of seeing a country’s exchange competitiveness, it would be around $470, the minimum since 2006.
Source: Ámbito
