Chileans' real wages, adjusted for the monthly variation of inflation, accumulated a drop of 1.7 percent in 2022, Chile's National Institute of Statistics (INE) reported yesterday, Tuesday, with data compiled as of last December.
INE's results indicate that Chileans have lost purchasing power due to inflation amid a global economic crisis.
The institution's figures indicate that the seasonally adjusted real remuneration index advanced 0.5 percent in December with respect to November 2022.
In the last month of 2022, the nominal compensation and labor cost indexes registered 12-month increases of 10.8 percent and 10. . .
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