Salaries in Argentina rose by 145.5% in 2024, outpacing the country’s annual inflation rate of 117.8%, according to the National Institute of Statistics and Census (INDEC). This increase reflects both economic adjustments and sectoral disparities in a year marked by high inflation and fiscal reforms. The private formal sector saw wages grow by 147.5%, slightly above inflation, while public sector salaries increased by 119.3%, lagging behind other groups. Informal private sector workers experienced the sharpest rise, with incomes surging 196.7%, highlighting the volatility of unregulated employment.
February 13, 2025
SOURCE: RIO TIMES
Argentina’s Salaries Outpace Inflation with 145.5% Growth in 2024