Inflation Outpaces Salary Increases in Argentina
Fortune reports (citing Argentine government data) that overall paychecks increased by 78 percent in September from a year ago, whereas the annual inflation rate was 83 percent. During the same month (September 2022), 90 percent of Buenos Aires recorded a drop in the sale price of real property, according to MercoPress (citing a survey from Ámbito). Since 2019, property prices have fallen by 20.1 percent, according to the MercoPress report (citing research from Zonaprop).
Last Updated on December 2, 2022 by Ramin Seddiq