This behavior positions informal workers as the main drivers of the recovery of real wages in the past year.
Thanks to Milei, salaries grew by 3.7% in April and outpaced inflation
The INDEC index showed a real improvement in April and is beginning to recover purchasing power after the end of the Kuka Risk
This behavior positions informal workers as the main drivers of the recovery of real wages in the past year.
In April, formal workers experienced an average increase of 3.5%, composed of a 4% rise in the private sector and a 2.3% increase in the public sector, with variations of 1.6% in national administration and 2.5% in the provinces.
The evolution of income reflects a new recovery process following months of higher inflationary pressure. The improvement in wages accompanies the deceleration of prices, allowing for a progressive recomposition of purchasing power.
In this context, the data shows a scenario of widespread improvement, with particularly marked dynamism in the informal sector, which drives the growth of the total index.
Thus, the advance of wages above inflation during April and in the year-on-year measurement marks a turning point in the evolution of real income, with a prominent role for unregistered workers in this recovery phase.
The salary index compiled by the INDEC recorded a 3.7% increase in the average remuneration of workers in April, surpassing the monthly inflation rate by 1.1 percentage points, which stood at 2.6%.
This figure marks a recovery of purchasing power following the setbacks observed during the first quarter of the year, due to the temporary decline caused by the "Kuka Risk" during the electoral period of 2025.
The monthly increase was explained by rises in all segments of the labor market, although with significant differences in intensity. The registered private sector led with a 4% increase, followed by the public sector with an improvement of 2.3%, while the unregistered private sector again stood out with a 4.7% increase.
When analyzing the year-on-year evolution, the general index showed a 36.9% increase, placing it 4.5 points above the accumulated inflation in the same period, which was 32.4%. This result reflects a real recovery of income.
The most relevant data was again concentrated in the informal segment. Salaries in the unregistered private sector accumulate a year-on-year growth of 69.6%, well above the general average and the evolution of prices.