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Argentina Convenes New Salary Council Meeting as Minimum Wage Crisis Deepens

The government seeks to address the Minimum Vital and Mobile Salary's severe erosion, with purchasing power down over 30% since late 2023.

Billetes, pesos argentinos
De cuánto es el salario mínimo en Santa Fe en abril 2025?
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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.