Reported wages in both the public and private sectors are among the indicators hardest hit since President Javier Milei took office.
Official figures show that wages have fallen 8.2% since November 2023 (over the past three months there has been a 1.1% recovery).
This gap is even wider when using the inflation measurement methodology that statistics bureau INDEC was set to begin using early this year but was later rejected by the economic team.
According to estimates by the Center for Research and Training of the Argentine Republic (CIFRA, for its Spanish acronym) of the Argentine Workers’ Central Union (CTA), the “alternative” consumer price index (IPC) would show that the real loss between November 2023 and June 2026 is almost 13%.
This result stems from an 8.5% decline in private-sector wages and a 20.8% decrease in public-sector wages.
