Guillermo Ruiz
Guillermo Ruiz is the director of the Department of Prices at the Central Bank of Paraguay (BCP). In a recent discussion regarding the adjustment of the minimum wage, he provided insights into the relationship between wage adjustments and the Consumer Price Index (CPI), noting that while wage increases are aligned with CPI variations, the actual purchasing power of workers may not be adequately reflected.
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Paraguay:
Guillermo Ruiz, director del Departamento de Precios del BCP, mentioned that the data confirms that these salary adjustments are occurring in the same proportion as the IPC.
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