Wages rose by an average 3.2% last year, inflation was 10%
1 year, 11 months ago

Wages rose by an average 3.2% last year, inflation was 10%

Dutch News  

Wages rose by an average of 3.2% last year, with the biggest increase – more than 5% – agreed for teachers, national statistics office CBS said on Thursday. Inflation averaged at around 10% last year and the difference between it and the average wage rise is the biggest recorded by the CBS since it started publishing average salary increases in 1973. According to employers’ organisation AWVN, which advises companies on pay negotiations, salaries will go up considerably this year and a number of agreements reached in the last months of 2022 were for more than 6%. But while the government’s plans to cap energy prices will dampen the impact of higher fuel costs, the average household in the Netherlands will still have about 4% less to spend in 2023, the government’s macro-economic policy unit CPB said in December.

Average Wages Rose  wages  rose  wage  agreed  increases  pay  inflation  number  impact  months  average  32  high

History of this topic

Wages are rising 3.2% above inflation - the highest in nearly three years - as prices subside and jobs market holds steady... despite Rachel Reeves' grim claims that the economy is worse than she thou
5 months ago

Wages are rising 3.2% above inflation - the highest in nearly three years - as prices subside and jobs market holds steady... despite Rachel Reeves' grim claims that the economy is worse than she thou

Daily Mail  

Wages are rising 3.2 per cent above inflation with the jobs market holding steady, according to new figures today. Regular pay is increasing at the fastest pace in nearly three years relative to prices, after CPI inflation returned to the Bank of England's 2 per cent target. Wages are rising 3.2 per cent above inflation with the jobs market holding …

Relief for Brits as wages outstrip inflation by biggest margin since 2021 despite signs jobs market is weakening… but inactivity crisis deepens
8 months, 1 week ago

Relief for Brits as wages outstrip inflation by biggest margin since 2021 despite signs jobs market is weakening… but inactivity crisis deepens

Daily Mail  

Brits have been offered some much-needed relief as figures showed wages outstripping inflation by the biggest margin in two and a half years. Regular pay rose by 2.1 per cent year-on-year in real terms in the three months to February. The Office for National Statistics said the jobless rate jumped to 4.2 per cent in the three months to February …

Average wage rises slowed in July as inflation fell again
1 year, 4 months ago

Average wage rises slowed in July as inflation fell again

Dutch News  

Wage rises have slowed in the most recent round of pay deals, with an average increase of 7.2% recorded in July, according to preliminary figures from employers’ advisory group AWVN. Nevertheless, wage increases have been outstripping price rises since April as unions try to repair the loss of spending power over the past year. “Many pay deals still have to …

Average wage rises slowed in July as inflation fell again
1 year, 4 months ago

Average wage rises slowed in July as inflation fell again

Dutch News  

Wage rises have slowed in the most recent round of pay deals, with an average increase of 7.2% recorded in July, according to preliminary figures from employers’ advisory group AWVN. Nevertheless, wage increases have been outstripping price rises since April as unions try to repair the loss of spending power over the past year. “Many pay deals still have to …

Education unions warn of protests and strikes if pay demand not met
1 year, 6 months ago

Education unions warn of protests and strikes if pay demand not met

NL Times  

Education unions want higher pay. If the Cabinet fails to meet their wage demands by Friday, unions warn of potential protests and strikes following the summer break, NU.nl reported on Friday The unions are pushing for a 12% salary increase for teachers, teaching assistants, and school leaders. The deadline for the government to meet the demands set by the education …

Will wages outpace inflation for long? It depends on the job
1 year, 7 months ago

Will wages outpace inflation for long? It depends on the job

CNN  

Washington, DC CNN — Wages are now finally beating inflation, according to the latest quarterly data on wage growth. Workers who switched jobs are still raking in higher wages than those who choose to stay; and employees in industries struggling to hire, such as leisure and hospitality, are also enjoying fatter paychecks, economists said. “The folks who left one company …

Wages rise at fastest pace in two decades but fall behind inflation
1 year, 11 months ago

Wages rise at fastest pace in two decades but fall behind inflation

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The proportion of working-age people who were unemployed also …

Wages rose by an average 3.2% last year, inflation was 10%
1 year, 11 months ago

Wages rose by an average 3.2% last year, inflation was 10%

Dutch News  

Wages rose by an average of 3.2% last year, with the biggest increase – more than 5% – agreed for teachers, national statistics office CBS said on Thursday. Inflation averaged at around 10% last year and the difference between it and the average wage rise is the biggest recorded by the CBS since it started publishing average salary increases in …

Wages still increasing, but well below inflation
2 years, 4 months ago

Wages still increasing, but well below inflation

NL Times  

The wage increases employers and trade unions set down in collective labor agreements were again relatively high last month. According to figures from AWVN, the most important advisor to Dutch employers in employment conditions, unions and employers concluded 18 collective labor agreements in July. Due to several late notifications of collective labor agreements, the AWVN adjusted June’s monthly average upward. …

Bankers get inflation-busting pay rises while low-income workers see earnings collapse
2 years, 4 months ago

Bankers get inflation-busting pay rises while low-income workers see earnings collapse

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. The Centre for Economics and …

UK gives below-inflation pay rises for public-sector workers
2 years, 5 months ago

UK gives below-inflation pay rises for public-sector workers

Al Jazeera  

Millions of workers – including police, doctors and teachers – are to receive below-inflation pay rises as part of a review that comes amid soaring prices and growing industrial unrest. The United Kingdom has announced below-inflation pay rises for millions of workers including police, doctors and teachers as part of a pay review for public-sector staff that comes amid soaring …

EXPLAINER: Why US inflation is so high, and when it may ease
2 years, 8 months ago

EXPLAINER: Why US inflation is so high, and when it may ease

Associated Press  

WASHINGTON — Another month, another four-decade high for inflation. Back in December 2020, the Fed’s policymakers had forecast that consumer inflation would stay below their 2% annual target and end 2021 at around 1.8%. For months, Fed Chair Jerome Powell and some others characterized higher consumer prices as merely “transitory” — the result, mainly, of shipping delays and temporary shortages …

EXPLAINER: Why US inflation is so high, and when it may ease
2 years, 11 months ago

EXPLAINER: Why US inflation is so high, and when it may ease

Associated Press  

WASHINGTON — At first, it didn’t even register as a threat. “Prices are increasing broadly throughout the economy, and the Federal Reserve has been caught off-guard by the extent of inflation,’' said Gus Faucher, chief economist at PNC Financial. Barely more than a year ago, the Fed had forecast that consumer prices would end 2021 only about 1.8% higher than …

US economists see higher wages feeding inflation for 3 years
3 years ago

US economists see higher wages feeding inflation for 3 years

Al Jazeera  

A new survey shows nearly three-quarters of US economists don’t see inflation falling to the Fed’s target 2-percent rate until the second half of 2023 or later. Nearly three quarters – 71 percent – of the 48 economists surveyed see the Federal Reserve’s preferred inflation gauge – Personal Consumption Expenditures minus food and energy – not falling to or below …

US wages jump by the most in records dating back 20 years
3 years, 1 month ago

US wages jump by the most in records dating back 20 years

Associated Press  

WASHINGTON — Wages jumped in the three months ending in September by the most on records dating back 20 years, a stark illustration of the growing ability of workers to demand higher pay from companies that are desperate to fill a near-record number of available jobs. Workers have gained the upper hand in the job market for the first time …

Annual Inflation Back to Highest Increase in 13 Years After 0.4% Rise in Consumer Prices Last Month
3 years, 2 months ago

Annual Inflation Back to Highest Increase in 13 Years After 0.4% Rise in Consumer Prices Last Month

News 18  

Consumer prices rose 0.4 per cent last month, slightly higher than August’s gain and pushing annual inflation back to the highest increase in 13 years. The consumer price index rose 5.4% in September from a year ago, up slightly from August’s gain of 5.3% and matching the increases in June and July. Excluding the volatile food and energy categories, core …

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