Formal private sector wages fell by 0.2%

The wage index increased by 0.2% in April, it includes a decline of 0.2% in the income of private workers, a rise of 0.7% of unregistered employees, and an increase of 0.6% in salaries of public employees. The wage index in April was below inflation, which was 1.5%. If real wages do not recover after the isolation measures, 2020 will become the third consecutive year of loss of purchasing power. In 2018, wages fell by 6.3% and in 2019, by 9.5%.

Source: Infobae