Wages have risen more than inflation in the first quarter of 2024. Specifically, wages per employee increased by 4.8% compared to an inflation rate of 3.2% during the same period. However, data over the last five years indicates that wages have barely kept pace with inflation, which surged in 2022 without corresponding wage increases at the time. Between 2019 and 2024, average wages in Greece rose by 14.1%, compared to a cumulative consumer price increase of 13.6% during this period. Compared to 2015, wages in Greece had only increased by 5.2% by 2023, while in the Eurozone, the increase was 22.6%.
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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.