NEWS RELEASE WAGES AND INCOME 23 NOVEMBER 2011

The wage index is 0.7% higher than in the previous month
The wage index in October 2011 is 415.7 points, 0.7% higher than in the previous month. In the last twelve months the monthly wage index has risen by 8.9%.

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
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
June 405.0 3.9 22.2 11.8 7.1
July 409.1 1.0 26.7 14.0 7.8
August 409.7 0.1 21.9 13.9 8.0
September 412.8 0.8 7.9 14.8 8.4
October 415.7 0.7 6.6 16.2 8.9
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 3.4% from previous year
The real wage index in October is 110.9 points, and has increased by 0.4% from previous month. In the last twelve months the real wage index has increased by 3.4%.

Statistics

Further Information

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

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