According to estimates from the National Institute of Statistics and Economic Studies (STATEC), the annual inflation rate of national consumer prices will be 4.8% at the end of January, thus necessitating a new wage indexation.
The statement notes: "According to the provisional result published by STATEC, the annual inflation rate of the national consumer price index (NICP) was 4.8% for January. With this result, the half-yearly average of the index linked to the 1.1.1948 base for the month of January exceeds the threshold of 964.64 points, thus triggering a new indexation."
This means that wages and pensions will be raised by 2.5% in February.
Another wage indexation is already scheduled for 1 April. This measure was postponed during last year's tripartite negotiations.
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