* The Fundación de Investigaciones Económicas Latinoamericanas (Fiel), an Argentine economic think-tank, has estimated that the real value of the minimum state pension pay outs in the country will fall by 13% this year. Based on the latest inflation estimates and the recent changes to state pension pay out guidelines introduced by the government, which linked the value of pension pay outs to inflation, Fiel noted that while the pension pay outs are due to increase by 28.4% this year, this is below the 47% year-end inflation projection resulting in the fall of the real value of state pensions. However, Fiel also notes that, as the minimum pension pay outs are now adjusted by the inflation rate of the previous year, next year pension pay outs are due to increase by 47% and this could result in a real increase of 12% should the projected 2019 inflation rate of 25% be realised.
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