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.
The real value of registered workers' salary contracted 8% last year after having fallen 6.2% in 2018, according to a report by the consultant Ecolatina. "The loss of real income was widespread and had a correlation in consumption, which accumulates a drop of more than 10% since the peak of the first quarter of 2018, thus delaying the recovery of activity," says the report.