Argentina metallurgists this year will raise a salary of 24 percent

The Ministry of Labor of Argentina agreed with the trade unions of the metallurgical industry on increasing wages by 24 percent to compensate for the predicted inflation rate. It is reported by Bloomberg.

About 250 thousand workers employed in the enterprises of the Argentina metallurgical complex will receive 17 percent of the allowances starting on April 1 and another 7 percent from July 1, the web site of the president of the country reports. In addition, trade unions knocked out a lump -sum allowance for metallurgists in the amount of $ 1,400 ($ 267) that will be paid in November 2013 and January 2014.

Meanwhile, the State Statistics Service of Argentina reports that inflation in the country amounted to over the past financial year, which ended on March 30 - 10.6 percent. However, private analytical companies declare 23.7 percent of inflation, doubting the reliability of the data published by the State Statistics Service of Argentina.

Consumer prices in the country increased by 1.52 percent in April and 23.67 percent in an annual comparison according to a private economists survey, the opposition Argentine deputy Patricia Bullrich said yesterday.