Alongside the postponed indexation, which will be confirmed following April's tripartite meetings between the government and unions, Statec is now forecasting another wage index in March.
On Monday, the national statistics agency issued a statement confirming that the 2022 inflation rate reached 5.4%. A second indexation is to be expected over the coming months, which could see wage packets rise by 2.5%.
Depending on the evolution of the semester index average, the next indexation could take place as early as 1 March, said Statec.
Much depends on the impact of fuel prices and the sales on purchasing power.
Any subsequent indexation hinges on the decision taken by the tripartite. There is already an indexation due to take place in April, after it was postponed in 2022, which would see wages rise by 5% compared to their current rate.
Price fluctuations
In addition to the above, Statec reported that oil prices fell by almost 9% in December compared to the previous month. Prices for heating oil alone fell by a fifth in December.
The new law on free childcare at informal structures such as creches and wraparound care (Maison Relais) meant that childcare costs dropped by 15% in December.
In contrast, products such as vegetables, fresh fish and baby food became more expensive in December.
© Statec
