Sep 5, 2014
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The national statistics office Statec is expecting the next indexation of wages to take place in the first quarter of 2015, with inflation to stay below 1% this year. For 2014, Statec estimates that inflation will be at 0.9%.
The national statistics office Statec is expecting the next indexation of wages to take place in the first quarter of 2015, with inflation to stay below 1% this year. For 2014, Statec estimates that inflation will be at 0.9%. Because of low inflation there will be no indexation of wages this year, by which wages are matched to inflation in order to maintain purchasing power. The next indexation payment is expected within the first quarter of 2015, following the 2% increase in VAT in January 2015.
English: http://www.wort.lu/en/business/inflation-indexation-of-wages-in-early-2015 ...
French: http://www.statistiques.public.lu/fr/actualites/economie-finances/prix ...
For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.