Dec 7, 2014
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The inflation rate for 2014 is estimated at 0.7%.
The national statistics office STATEC published forecasts. The inflation rate for 2014 is estimated at 0.7%. This is much less than in the previous year (1.7%). Despite the impending increase in VAT, which comes into force on 1 January 2015, the price increases in 2015 should be at 1.4%. This leaves the next wage index tranche still hanging in the balance. Recent calculations by STATEC reveal that the earliest possible wage index adjustment date will be the second quarter of 2015.
English: http://www.statistiques.public.lu/en/news/economy-finance/prices ...
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.