Argentine workers’ living standard down 4.1% in 12 months, despite 1st semester improvement

RIO TIME ONLINE, BRAZIL – Workers’ purchasing power fell by 4.1% in the past 12 months, but improved by 2.3% in the first semester, according to Argentine NGO Fundación Libertad y Progreso (LyP) survey based on official data from the National Institute of Statistics and Censuses (INDEC).

The Workers’ Standard of Living Index (INVT) is measured by comparing the evolution of wages and the Total Basic Food Basket (CBT), used to determine the poverty line. From the comparison of the two indicators, a worrisome deterioration of the living standard over longer terms emerges, given that since August 2013