Retirees: how much purchasing power they lost against inflation

2023-11-22 15:02:29

The economic context, and High inflation hits all sectors and the most punished was that of retirees. Monthly income was between 25.9% and 35.1% lower than four years ago. And only between January and October of this year they had drops of up to 26%.

In the current month the situation worsened, because the price rise continues its course, while income did not change. According to Indec, between January and October the Consumer Price Index (CPI) had an advance of 120%. In that period, salaries increased, due to the retirement mobility index, only 74.5%.

The 20.7% drop in the first ten months of the year was that suffered by those who were never reached by the bonds

On the other hand, the monthly asset loss in real terms reaches 35.1%. What was collected last month was enough to buy less than two thirds of what could be purchased before.

According to data from economic studies, salaries will end the year with a total increase of 110.9%, compared to an inflation that could reach 180%.

1700668007
#Retirees #purchasing #power #lost #inflation

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.