Overview
- CONINAGRO reports a sustained recovery in real purchasing power from March 2024 to October 2025, translating into greater access to basic foods.
- LCG estimates registered wages remain below November 2023 levels, with private-sector pay down 0.9% in real terms and public-sector pay down 14.4%, including a drop of a little over 33% for national public employees.
- INDEC data show October wages rose 2.5% against 2.3% inflation, driven by non-registered pay jumping 4.2% in the month and 84.5% year to date, a series measured with a survey lag.
- INDEC reports November inflation accelerated to 2.5% overall with food prices up 2.8%, posing a risk to the recent real-wage improvement.
- CONINAGRO cautions that household relief reflects delayed retail price pass-through relative to production costs, pressuring regional producers and complicating a broad-based recovery in 2026.