Only 8% of salary readjustments in April were above inflation, says Dieese

Only 8% of salary readjustments in April were above inflation, says Dieese

It was the 2nd lowest proportion in the last 15 months, above only November; 46% of the readjustments were below the inflation measured by the INPC

April was the month that had the lowest proportion of salary readjustments with real gains this year, according to a survey by the Inter-union Department of Statistics and Socioeconomic Studies (Dieese). Only 8% of the readjustments were above the National Consumer Price Index (INPC), the second lowest proportion in the last 15 months (above only November).

Another 46% of the April readjustments were equal to the inflation index of the Brazilian Institute of Geography and Statistics (IBGE) represent. Dieese says that the preliminary data for April practically repeats those of March, when 53.7% of the negotiations obtained readjustments equal to or greater than the INPC. The percentage of readjustments below inflation was 46% of the total, remaining at an increasing level.

Year-to-date, there was a slight deterioration in relation to March: 40.8% of salary readjustments were below the INPC, 31.6% were equal to inflation and 27.6% had gains above accumulated inflation.

negative variation

In April, the average real variation of readjustments was -0.76% and, therefore, was below inflation. Dieese says that the real change in readjustments was negative in the last 15 months, with a negative highlight for July 2021 (-1.94%).

The department says that the readjustments were, on average, equivalent to only 83% of the amount necessary for the full recomposition of salaries. And that in May the value of the necessary readjustment will be 12.47% due to the INPC of 1.04% registered in April.

salary floors

Dieese also says the average value of salary floors this year is R$ 1,414.77. The highest average value belongs to commerce (R$ 1,481.54) and the lowest, to industry (R$ 1,380.19).

In geographic terms, the highest average salary floor is in the South (R$ 1,536.67) and the lowest, in the Northeast (R$ 1,330.10). In other regions, these amounts are R$1,420 (Southeast), R$1,368.09 (North) and R$1,362.89 (Midwest).

Adjustments by region

In the first four months of this year, the South region presented the highest percentage of readjustments equal to and above inflation (about 77% of the cases analyzed). The Southeast had the highest percentage of gains above inflation (38.7%).

The worst results were recorded in the Center-West, where 63.7% of the readjustments were below the INPC (another 21% followed the variation of the index and only 15.3% were above it).

By economic sector

In the analysis by economic sector, readjustments equal to and above inflation were more frequent in commerce (about 67% of the negotiations analyzed by Dieese). In industry there was at least the replacement of annual inflation in 64% of cases.

The real increases were more regular in industry (29.4%) than in commerce (17.1%). The service sector stands out both for the higher proportion of readjustments below the INPC (45.1%) and above (29.8%).

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