NEWS RELEASE WAGES AND INCOME 23 JUNE 2011

Please note that this release was corrected 24 June 2011 at 9:00


The wage index is 1.1% higher than in the previous month
The wage index in May 2011 is 389.9 points, 1.1% higher than in the previous month. In the last twelve months the monthly wage index has risen by 5.3%.

Wage Index 2010-2011
December 1988=100 Change from previous month, % Annual rate based on the change in the last
  Index 3 months, % 6  months, % 12 months, %
2010
May 370.1 0.2 1.6 2.6 4.0
June 378.3 2.2 10.5 6.5 6.1
July 379.5 0.3 11.3 7.0 6.0
August 379.5 0.0 10.6 6.0 6.0
September 380.7 0.3 2.6 6.4 6.0
October 381,8 0.3 2.4 6.8 6.0
November 382.4 0.2 3.1 6.8 4.7
December 383.1 0.2 2.5 2.6 4.5
2011
January 383.2 0.0 1.5 2.0 4.4
February 383.9 0.2 1.6 2.3 4.2
March 385.2 0.3 2.2 2.4 4.4
April 385.6 0.1 2.5 2.0 4.4
May 389.9 1.1 6.4 4.0 5.3
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 0.2% from the previous month
The real wage index in May 2011 is 105.9 points, 0.2% higher than in the previous month. In the last twelve months the real wage index has increased by 1.9%.

 

Collective agreements
An agreement between the Confederation of Icelandic Employers and the Icelandic Confederation of Labour (on behalf of its member unions), signed 5 May 2011, stipulated that a lump sum payment of 50,000 ISK was to be paid at the approval of the agreement. This lump sum payment affects the wage index.

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.