NEWS RELEASE WAGES AND INCOME 23 APRIL 2013

The wage index in March 2013 is 455.3 points, 1.3% higher than in the previous month. In the last twelve months the monthly wage index has risen by 5.5%.

Wage Index 2012-2013
December 1988=100 Change from previous month, % Annual rate based on the change
in the last
  Index 3 months, % 6 months, % 12 months, %
2012
March 431.7 1.1 13.6 9.4 12.1
April 431.4 -0.1 13.2 7.7 11.9
May 432.9 0.4 5.5 7.8 11.0
June 433.1 0.0 1.3 7.3 6.9
July 433.5 0.1 2.0 7.5 6.0
August 433.7 0.1 0.7 3.1 5.9
September 436.3 0.6 3.0 2.1 5.7
October 436.8 0.1 3.1 2.5 5.1
November 437.7 0.2 3.7 2.2 5.0
December 437.7 0.0 1.3 2.1 4.7
2013
January 439.2 0.3 2.2 2.6 5.0
February 449.4 2.3 11.1 7.4 5.2
March 455.3 1.3 17.1 8.9 5.5
Notes: Wage index is calculated and published according to law no 89/1989. The wage index is based on regular hours earnings each month, calculated and published in the month following calculation.

Real wages increased by 1.1% from the previous month
The real wage index in March is 113.7 points, 1.1% higher than in the previous month. In the last twelve months the real wage index has increased by 1.5%.
 



Collective agreements
The collective agreement between the Minister of Finance, on behalf of the State Treasury, and Federation of General and Special Workers (on behalf of its member unions), signed June 2011, stipulates a general wage rise of 3.25% in March 2013.

Agreements between the Association of Local Authorities and Municipal Employees, signed May 2011, stipulates a general increase in wages tables, from 1st. March 2013.

Statistics

Further Information

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

Share


Use of this press release is free. Please quote the source.