Published: March 25th, 2024,
Last updated: May 28th, 2025

Real wages in the EU continued to fall in 2023 due to inflation. This is shown in a new report by the European Trade Union Institute (ETUI). According to the report, inflation was higher than wage growth in ten of the 27 member states last year. Employees in Hungary and the Czech Republic suffered the greatest loss of purchasing power at almost four percent. At 0.9 percent, Germany was above the EU-wide average (0.7 percent). In 2022, the average real wage decrease amounted to 4.3 percent.