Real salary of formal work fell 6.1% in 2019, 19.5% accumulated since 2015

The real salary of the formal worker in Argentina fell 6.1% in 2019, according to the Average Stable Workers Compensation Rate (Ripte), published by the Ministry of Social Security. In December, it advanced 2% in monthly terms and was well below the national CPI that measured Indec in the same period at 3.7%. However, the fall is expected to be greater among informal employees, data that the National Institute of Statistics and Census (Indec) will publish on February 28.