Collective wages increased significantly, but still less than inflation
1 year, 8 months ago

Collective wages increased significantly, but still less than inflation

NL Times  

Wage increases in the collective bargaining agreements reached a new peak in the first quarter of 2023. But based on the currently available figures - January, February, and a first estimate for March - inflation amounted to around 6.6 percent in the first quarter. At 5.0 percent, the collectively bargained-for wage increase was almost twice as high as in the first quarter of 2022. At the sector level, wages rose most in the hospitality industry at 8.0 percent Part of that is the significant increase in minimum wages that took effect in January. Of the three distinguished sectors, collective wages rose the most in the government and private companies, both 5.3 percent.

Wages Increase Cbs Collective Wage  increased  collective  wage  inflation  50  sector  significantly  rose  increase  wages  industry  quarter

History of this topic

Dutch rental prices will rise significantly in 2025, with mid-market to jump 7.7%
6 days, 2 hours ago

Dutch rental prices will rise significantly in 2025, with mid-market to jump 7.7%

NL Times  

Residents living in rental housing in the Netherlands will face substantial rent increases next year, whether their home is from the private sector or on the social housing market. Those renting more expensive private sector homes can see rent rise by 4.1 percent from January, while social housing tenants can see a maximum 5 percent increase in certain circumstances starting …

Households' disposable income grew 2% last year, despite inflation
1 year, 9 months ago

Households' disposable income grew 2% last year, despite inflation

NL Times  

Despite the high inflation, households in the Netherlands’ real disposable income increased by 2.0 percent last year compared to 2021. Inflation amounted to 10 percent last year, but higher wages and government support for the high energy prices counteracted that. Collectively bargained wages increased 3.3 percent last year, and mixed-income was 9.7 percent higher than twelve months earlier. According to …

Dutch Central Bank leader calls on employers to raise wages by 5-7 percent
2 years ago

Dutch Central Bank leader calls on employers to raise wages by 5-7 percent

NL Times  

Klaas Knot, president of De Nederlandsche Bank said he believes that employers in the Netherlands can raise wages higher. "But there are also sectors that are showing record profitability, such as trade and manufacturing.” DNB already published new economic estimates earlier this week. DNB Chief Economist Olaf Sleijpen also believed that there is still room for additional wage increases in …

Dutch inflation climbs to record 12%
2 years, 3 months ago

Dutch inflation climbs to record 12%

NL Times  

Inflation in the Netherlands rose to 12 percent in August, from 10.3 percent a month earlier. The ever-rising inflation puts pressure on the European Central Bank to raise interest rates even more. Several bank policymakers, including President Klaas Knot of De Nederlandsche Bank and Joachim Nagel of the Bundesbank, have argued for a stronger interest rate hike against the high …

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. …

Dutch inflation above 10% for first time since 1975
2 years, 4 months ago

Dutch inflation above 10% for first time since 1975

NL Times  

Inflation in the Netherlands climbed above 10 percent for the first time since 1975, Statistics Netherlands reported based on its own calculation method. According to the stats office, consumer goods and services were 10.3 percent more expensive in July than in the same month last year. All this led to housing rents rising by 3 percent last month compared to …

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

Wages still rising, but well below inflation

NL Times  

Wages om the Netherlands increased by 3.4 percent last month on average, according to preliminary figures from the employers’ association AWVN. While salaries are still rising, the increases are well below inflation in the Netherlands, which amounted to 11.6 percent last month according to the European harmonized method. At 3.4 percent, the wage increase in July was slightly lower than …

Inflation eases to 8.6%, bucking EU trend, but food bills keep rising
2 years, 5 months ago

Inflation eases to 8.6%, bucking EU trend, but food bills keep rising

Dutch News  

Inflation eased slightly to 8.6% in June, but households continued to feel the pinch as food prices went up by 11.2% in the past year, official figures show. The statistics agency CBS said inflation was down from 8.8% in May and a peak of 9.7% in March, mainly because gas and electricity prices are rising less quickly than they were …

Inflation eases to 8.6%, bucking EU trend, but food bills keep rising
2 years, 5 months ago

Inflation eases to 8.6%, bucking EU trend, but food bills keep rising

Dutch News  

Inflation eased slightly to 8.6% in June, but households continued to feel the pinch as food prices went up by 11.2% in the past year, official figures show. The statistics agency CBS said inflation was down from 8.8% in May and a peak of 9.7% in March, mainly because gas and electricity prices are rising less quickly than they were …

Consumer spending pushed Dutch economic growth in first quarter
2 years, 6 months ago

Consumer spending pushed Dutch economic growth in first quarter

NL Times  

The Dutch economy grew in the first three months of this year compared to the closing quarter of 2021 after all. Compared to the same period last year, the Dutch economy grew by 6.7 percent instead of the previous estimate’s 7 percent. Households also generally had more income in the first quarter of this year compared to a year ago, …

More evidence of soaring inflation as CBS puts March rate at 9.7%
2 years, 8 months ago

More evidence of soaring inflation as CBS puts March rate at 9.7%

Dutch News  

The rate of inflation in the Netherlands has risen to 9.7% when calculated according to Dutch methods, 2.2 percentage points below the harmonized European figure. The current rate is the highest since April 1976, national statistics office CBS said on Thursday. The European method, which excludes rental housing costs, makes it possible to compare inflation within the eurozone, where the …

More evidence of soaring inflation as CBS puts March rate at 9.7%
2 years, 8 months ago

More evidence of soaring inflation as CBS puts March rate at 9.7%

Dutch News  

The rate of inflation in the Netherlands has risen to 9.7% when calculated according to Dutch methods, 2.2 percentage points below the harmonized European figure. The current rate is the highest since April 1976, national statistics office CBS said on Thursday. The European method, which excludes rental housing costs, makes it possible to compare inflation within the eurozone, where the …

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 …

Largest hourly wage increase reported in 12 years
3 years, 8 months ago

Largest hourly wage increase reported in 12 years

NL Times  

Hourly wages rose by 3.1 percent in the past year marking the largest annual increase since 2008, Statistics Netherlands reported. Hourly wages increased the most in the construction sector last year at 6.7 percent, followed by the education and care sector both at around 5 percent. Between 2010 and 2020 hourly wages rose in total by 18 percent, two percent …

Collective bargaining wages see biggest increase in 12 years
3 years, 11 months ago

Collective bargaining wages see biggest increase in 12 years

NL Times  

Collective bargaining wages increased by 3 percent on average in 2020, the biggest increase in 12 years, Statistics Netherlands reported on Thursday. If that turns out to be right, it will be the lowest collective wage increase since 2014. This resulted in many collective bargaining negotiations stalling since the outbreak of the pandemic. According to figures from AWVN, over 720 …

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