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Average weekly earnings rise by 5.6% as workers seek real wage catch-up

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CSO’s latest earnings data show workers earned an average of €963 a week in the second quarter

European Central Bank policymakers are worried that inflation linked to wage growth might be more difficult to restrain. Photograph: iStock

European Central Bank policymakers are worried that inflation linked to wage growth might be more difficult to restrain. The latest earnings and labour costs data from the Central Statistics Office indicated that average hourly labour costs grew by 6.1 per cent to €34.93 on an annual basis in the second quarter.

 

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