Wage Index in Argentina

INDEC · Mensual

36.9% (Apr-26) YOY · % · Mensual · CSV

Period	%
Apr 2026	36.9%
Mar 2026	36.4%
Feb 2026	35.8%
Jan 2026	37.7%
Dec 2025	38.2%
Nov 2025	40.3%
Oct 2025	43.1%
Sep 2025	46.0%
Aug 2025	49.6%
Jul 2025	53.2%
Jun 2025	60.7%
May 2025	65.7%
Apr 2025	74.3%
Mar 2025	85.7%
Feb 2025	98.8%
Jan 2025	117.0%
Dec 2024	145.5%
Nov 2024	159.1%
Oct 2024	172.1%
Sep 2024	181.9%
Aug 2024	200.6%
Jul 2024	206.2%
Jun 2024	216.3%
May 2024	216.0%
Apr 2024	213.6%
Mar 2024	200.8%
Feb 2024	200.4%
Jan 2024	181.0%
Dec 2023	152.7%
Nov 2023	144.3%
Oct 2023	139.1%
Sep 2023	132.0%
Aug 2023	121.8%
Jul 2023	119.5%
Jun 2023	108.7%
May 2023	106.3%
Apr 2023	103.8%
Mar 2023	102.4%
Feb 2023	97.4%
Jan 2023	92.1%
Dec 2022	90.4%
Nov 2022	85.5%
Oct 2022	80.7%
Sep 2022	78.7%
Aug 2022	74.2%
Jul 2022	68.7%
Jun 2022	67.7%
May 2022	63.6%
Apr 2022	58.4%
Mar 2022	55.8%
Feb 2022	52.3%
Jan 2022	54.1%
Dec 2021	53.4%
Nov 2021	52.2%
Oct 2021	51.2%
Sep 2021	51.3%
Aug 2021	49.1%
Jul 2021	47.4%
Jun 2021	43.0%
May 2021	40.7%

Period	indice
Apr 2026	8,978.10
Mar 2026	8,654.99
Feb 2026	8,370.04
Jan 2026	8,171.66
Dec 2025	7,969.60
Nov 2025	7,843.14
Oct 2025	7,705.88
Sep 2025	7,518.03
Aug 2025	7,354.44
Jul 2025	7,129.22
Jun 2025	6,956.46
May 2025	6,755.22
Apr 2025	6,559.31
Mar 2025	6,344.81
Feb 2025	6,161.52
Jan 2025	5,934.47
Dec 2024	5,765.54
Nov 2024	5,591.00
Oct 2024	5,383.96
Sep 2024	5,147.61
Aug 2024	4,916.19
Jul 2024	4,653.26
Jun 2024	4,329.80
May 2024	4,077.32
Apr 2024	3,764.21
Mar 2024	3,417.34
Feb 2024	3,099.20
Jan 2024	2,734.97
Dec 2023	2,348.79
Nov 2023	2,157.73
Oct 2023	1,978.41
Sep 2023	1,826.29
Aug 2023	1,635.33
Jul 2023	1,519.50
Jun 2023	1,368.71
May 2023	1,290.46
Apr 2023	1,200.49
Mar 2023	1,136.04
Feb 2023	1,031.74
Jan 2023	973.35
Dec 2022	929.56
Nov 2022	883.06
Oct 2022	827.54
Sep 2022	787.08
Aug 2022	737.46
Jul 2022	692.32
Jun 2022	655.94
May 2022	625.63
Apr 2022	589.01
Mar 2022	561.16
Feb 2022	522.56
Jan 2022	506.68
Dec 2021	488.33
Nov 2021	476.11
Oct 2021	458.07
Sep 2021	440.34
Aug 2021	423.41
Jul 2021	410.37
Jun 2021	391.16
May 2021	382.42

About this indicator

Source	INDEC
Frequency	Mensual
Release	Aproximadamente dos meses después del cierre del trimestre de referencia.
What it is	Argentina's Wage Index measures the evolution of the pay of registered private- and public-sector workers, as well as unregistered workers. It is compiled by the National Institute of Statistics and Censuses (INDEC) as a gauge of household income and cost inflation.
How it's calculated	INDEC builds the index from social security administrative records for registered employment and from surveys for the unregistered segment, referenced to a base year. It is published as a monthly and year-on-year change in nominal terms.
Market implications	In a context of very high inflation, the key is to compare wage growth with the CPI: if wages rise more slowly than prices, purchasing power falls and consumption suffers, a closely watched signal of the social impact of economic policy.
Limitations	The figure is nominal, so it must be read alongside inflation over the period to capture the real change. It is released with a lag and subject to revision, and the measurement of unregistered employment is more uncertain than that of registered work.