The National Institute of Statistics and Economic Studies (STATEC) confirmed on Friday morning that the next wage indexation falls on 1 October 2021.

According to STATEC, the inflation rate reached 2.7% in September, meaning that the triggering threshold has been exceeded.

As a result, salaries, wages, and pensions will increase by 2.5% from 1 October 2021. Further details will be published on Wednesday.

On twitter, Minister of the Economy Franz Fayot described the wage indexation as "a mechanism that guarantees our social peace".

Tweet Fayot