Overview
- The National Salary Council is set to meet virtually on April 29 to debate further adjustments to the Minimum Vital and Mobile Salary (SMVM).
- The SMVM, currently set at ARS 296,832, has lost over 30% of its purchasing power since December 2023 due to inflation outpacing wage increases.
- A recent government decree implemented a 15.9% SMVM increase in four tranches, but it remains significantly below poverty and indigence thresholds.
- The SMVM now covers only 58.1% of the basic food basket for a typical family and is nearly 60% below its 2011 peak in real terms.
- Fiscal constraints and IMF program commitments limit the government's ability to authorize larger wage increases despite mounting socioeconomic pressures.