class=”sc-3778e872-0 cKDKQr”>
According to calculations by the Federal Statistics Office (FSO), nominal wages will increase by an average of 0.9 percent in 2022, as the FSO announced on Monday. The final estimate, made in late autumn, still spoke of an increase of 1.1 percent; before that, significantly higher growth of around 2 percent was assumed.
The FSO forecasts the evolution of nominal wages quarterly. Value is based on cumulative wage data for evolution of gross wages, including 13th monthly wage, and is subject to change with each additional estimate.
However, wage increases for many workers were again beaten by inflation. The FSO states that real wages fell by an average of 1.9 percent, given the average annual inflation rate of 2.8 percent.
In 2021, wages fell 0.2 percent in nominal terms, to minus 0.8 percent in real terms, according to the BFS. At that time, inflation of 0.6 percent was the main reason for the decline.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
