Wages rose by twice the inflation rate last year

Wages rose by twice the inflation rate last year

8th January 2016, Comments 0 comments

Wages rose an average 1.4% last year, the highest increase since 2012, the national statistics office CBS said on Thursday.

The rise was twice that of inflation, which is currently around 0.6%. The figures cover national pay agreements determined between unions and employers.

The highest pay rise of around 2.6% went to people working in the water and waste processing sectors. Financial services scored the lowest rise of 0.7%.

Civil service pay, which had been frozen for several years, rose by an average of 2.3% following the deal finally agreed last summer after a string of strikes.

 

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