According to the latest economic forecasts by the National Institute of Statistics and Economic Studies (STATEC), a new wage indexation is expected to be triggered at the end of 2023. In response, the government has announced a new tripartite meeting in the coming weeks.

STATEC has published its latest inflation forecasts for 2023 and 2024. The inflation rate is expected to reach 3.4% in 2023 and 4.8% in 2024.

STATEC's calculations indicate that another wage indexation will be triggered in the fourth quarter of 2023. This would bring the total number of indexations in 2023 to three. The first indexation of the year was triggered on 1 February, and another will be due in April, after being deferred in 2022.

In response to this announcement, the government has said that scrapping the current tripartite measures "would risk causing an inflationary shock at the beginning of 2024." According to the government, the favourable evolution of inflation in 2023 "highlights the impact of these measures on the inflation rate," particularly compared to the other members of the euro zone.

Following these latest economic developments and in accordance with the last tripartite agreement, "Prime Minister Xavier Bettel will convene a new meeting of the Tripartite Coordination Committee in the coming weeks", the government announced.