Earnings growth will increase further next year

By: Trademagazin editor Date: 2021. 12. 01. 11:20

Wage outflows remain high. Analysts expect increases with next year’s increases and benefits. They also warn that all of this has been offset by rising inflation risks.

Wages might rise next year

According to a report released by the Central Statistical Office (KSH) on Tuesday, average gross and net earnings in September were 9.1 percent higher than a year earlier. Growth continued to pick up after 8.9 percent in August. With inflation at 5.5 percent, real earnings were 3.4 per cent higher than a year ago, compared with an annual rise of 3.8 percent in August. Earnings grew by 8.0 percent among businesses and 9.4 percent in the budget. (MTI)