News

Real wage loss: Germany above EU average

Share
Copied!

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

Inflation caused real wages in the EU to fall by 0.7 percent in 2023.

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.

Sign up now and continue reading immediately

No credit card details required. No automatic renewal.

Share
Copied!
Inflation Gewerkschaften Labor market Trade unions