Slovakia - Wages overtake inflation - October 31, 2023

In August, nominal wages grew stronger than inflation. In 9 out of 10 monitored sectors, wages increased in real terms. In August 2023, the average nominal monthly wage increased year-on-year in all 10 monitored sectors, and the growth rate was double-digit in 7 sectors. Wages in food and beverage increased the most by 17.5%; employees in this sector recorded an average wage of € 726 in August, the least of the monitored sectors on a monthly basis. The wage in wholesale grew by more than 12% to € 1,432 and in construction to € 1,035. Wages in retail trade (€ 1,093) and in selected market services (€ 1,378) increased by more than 11%. Wages in sale and repair of motor vehicles increased by more than 10% to € 1,370 and in transportation and storage to € 1,307.

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For more information, please contact Paul de Beer or Oana Ciuca, De Burcht (Scientific Bureau for the Dutch Trade Union Movement) p.t.debeer@uva.nl or the Head of communications at the ETUI, Mehmet Koksal mkoksal@etui.org. For previous full issues of the Collective bargaining newsletter please visit https://www.etui.org/Newsletters/Collective-bargaining-newsletter or consult the archive with all articles in our database at www.cbnarchive.eu.
You may find further information on the ETUI at www.etui.org.

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