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Nominal wages are expected to increase by 1.8 percent in the current year, according to an initial estimate from the Federal Statistics Office (BFS). The FSO forecasts the evolution of nominal wages quarterly. Value is based on cumulative fare data and may change with further estimates.
For most workers, wage increases can therefore be beaten again by inflation. Most forecasters currently project an inflation rate of around 2.5 percent for the year as a whole.
According to FSO calculations, nominal wages will increase by an average of 0.9 percent in 2022. Even then, real wages fell by an average of 1.9 percent, taking into account annual average inflation of +2.8 percent. Wages fell 0.2 percent in nominal and 0.8 percent in real terms in 2021, according to the BFS. (SDA/smt)
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.
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