Inflation Outpaces Wage Growth, Eroding Worker Purchasing Power

Inflation reached nearly 5% in September, driven by a 20% surge in energy costs, creating a widening gap between consumer prices and worker wages. This inflation rate marks the highest level recorded since February 2023, according to official data.

Collective bargaining agreements signed this year include an average salary increase of 3.76%. However, the weighted average increase across all active agreements remains at 3%. This discrepancy has resulted in a continued decline in purchasing power for many employees.

For workers with conditions set through 2026, the gap between wage growth and inflation reached two percentage points in September. While the impact is partially mitigated when calculated over the full year, the stagnation in wage adjustments continues to affect household finances amid rising costs. #Economy #Inflation #Wages #LaborNews