Feb 7 • 14:01 UTC 🇦🇷 Argentina Clarin (ES)

In addition to the new CPI, INDEC also planned to update another key index that has distortions

INDEC's plan to update the Consumer Price Index (CPI) to reflect more current data has been suspended, alongside another crucial index related to wages that also suffers from significant delays and distortions.

INDEC, Argentina's national statistics institute, had proposed updates to key economic indicators in its 2025/2026 work plan, including a new Consumer Price Index (CPI) that was scheduled for implementation in January but was recently suspended by the government. The planned CPI update aimed to replace outdated measurement data from 2004 with newer data from 2017/2018, which could provide a more accurate representation of inflation. However, the government has decided to postpone these changes until inflation stabilization occurs, further indicating a need to conduct new household surveys to ensure the data used is as current as possible.

In addition to the CPI, there was also a focus on addressing distortions in the Wage Index (IS), which reflects average monthly salary increases. Currently, the IS includes registered private sector salaries, public sector salaries, and informal sector wages; however, the latter are reported with a significant lag of five months. This delay in data reporting is problematic since it may not accurately represent the current economic situation for wage earners, and necessitates an urgent update to refine its methodology and data collection practices.

Both the inflation and wages indices updates underscore the challenges that Argentina faces in accurately measuring economic performance amidst fluctuating financial conditions. By delaying these updates, the government is signaling a cautious approach in its economic policy, which may have implications for various stakeholders, including businesses and households that rely on accurate economic indicators for planning and financial decisions.

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