The coronavirus crisis has slowed the increase in prices. As a result, the next automatic wage indexation - synonymous with a 2.5% increase in wages, salaries, and pensions - has been postponed.
According to statements made by a Statec representative in the Finance Committee of the Chamber of Deputies on Tuesday, it will, at the earliest, take place in June 2022, two and a half years after the last automatic wage indexation.
The inflation rate is expected to reach 1.3% in 2021. The rate currently sits at about 0.9%. At the beginning of the year, the date of the next automatic wage indexation was announced for autumn 2021.
