Chile | Nominal wages increased by 0.2% MoM in June

Summary

Wages increased 0.2% in June (6.3% YoY) and was explained by commerce and real-state (both related to the variable component). In real terms, wages declined 0.3% MoM and consolidates a -0.4% YtD that will keep a sluggish expansion in wage-mass and private consumption. All in all, figures still supports our view of labor market slack.

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