NEWS RELEASE WAGES AND INCOME 22 JULY 2009


The wage index 0.2% higher than in the previous month
The wage index in June 2009 is 356.7 points, 0.2% higher than in the previous month. In the last twelve months the monthly wage index has risen by 3.0%.

Wage Index 2008-2009
December 1988=100 Change from previous month, % Annual rate based on the change in the last
  Index 3 months, % 6  months, % 12 months, %
2008
June 346.2 1.2 10.6 12.4 8.5
July 348.8 0.7 10.1 11.1 9.1
August 350.4 0.5 10.2 10.4 9.1
September 352.2 0.5 7.1 8.8 9.0
October 353.3 0.3 5.3 7.7 8.8
November 351.3 -0.6 1.0 5.5 7.8
December 353.6 0.7 1.6 4.3 8.3
Average 345.0 . . . 8.1
2009
January 355.7 0.6 2.7 4.0 7.5
February 355.7 0.0 5.1 3.0 6.7
March 356.1 0.1 2.9 2.2 5.5
April 355.4 -0.2 -0.3 1.2 4.4
May 356.0 0.2 0.3 2.7 4.1
June 356.7 0.2 0.7 1.8 3.0
Wage index are calculated and published according to law no 89/1989. The wage index is based on average for fixed hours earnings each month, calculated and published in the month following calculation.

Real wages decreased by 1.2% from the previous month
The real wage index in June 2009 is 106.2 points, 1.2% lower than in the previous month. In the last twelve months the real wage index has decreased by 8.2%.

Statistics

Further Information

For further information please contact 528 1100 , email upplysingar@hagstofa.is

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