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Argentine Salaries Outpace Inflation as Santa Fe Schedules New Wage Talks

Santa Fe opens new wage talks after May’s 3.0% salary increase outpaced 1.5% inflation, reflecting strains on industry from cheap imports under high borrowing costs.

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La caída del precio internacional del petróleo podría limitar el crecimiento. El barril Brent acumula una baja superior al 10% en lo que va del año y cotiza actualmente a US$68
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Overview

  • INDEC data show national salaries rose 3.0% in May, driven by increases of 2.0% in the private registered sector, 3.3% in the public sector and 5.6% in the private unregistered segment.
  • Registered wages rebounded 2.4% in May following two consecutive monthly declines but remain 5.5% below November 2023 levels in real terms.
  • The Santa Fe provincial government will reconvene third-quarter paritarias next week after first-half inflation reached 16.4%, with officials proposing to start negotiations from zero.
  • The Fundación de Investigaciones Económicas Latinoamericanas reported a 1.2% month-on-month drop and a 0.8% quarterly decline in industrial output for June.
  • Pymes leaders warn that a surge in cheap imports and volatile, high interest rates could undermine the fragile industrial recovery in the second half of 2025.