Formal wages took a slump of nearly 15% in the last semester, particularly after the Dec. 13 118.3% devaluation of the local currency once Javier Milei took office as president, according to the Research and Training Center of the Argentine Republic (Cifra). Public sector workers lost 21.3% of their purchasing power while those in privately-owned activities suffered only an 11.2% decrease for a 14.9% average for the semester.
May 18, 2024
SOURCE:MERCOPRESS
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https://en.mercopress.com/2024/05/18/wages-keep-losing-purchase-power-in-argentina-study-finds