Slovakia - Wage increase exceeds inflation - December 31, 2023

In October 2023, according to the first data of the Statistical Office, wages increased faster than inflation in all 10 sectors monitored monthly resulting in real wage growth. This was recorded for the first time since August 2021. The average nominal monthly wage increased year-on-year in all 10 sectors, the most, by 17.6%, in food and beverage services to € 721. The wages of employees also grew at a double-digit in industry to € 1,477, in wholesale to € 1,441, in retail trade to € 1,088 and in accommodation to € 1,093. In October 2023, the real wages of employees also rose more than a year ago, i.e. the wage growth in all sectors exceeded the inflation.

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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.