The wage index in July 2014 is 484.7 points, 0.4% higher than in the previous month. In the last twelve months the monthly wage index has risen by 5.9%.

Wage Index 2013-2014
December 1988=100 Change from previous month, % Annual rate based on the change
in the last
  Index 3 months, % 6 months, % 12 months, %
2013
July 457.5 -0.1 1.0 8.5 5.5
August 458.6 0.2 1.9 4.1 5.7
September 462.0 0.7 3.7 3.0 5.9
October 463.1 0.2 5.0 3.0 6.0
November 464.2 0.2 5.0 3.4 6.1
December 463.8 -0.1 1.6 2.6 6.0
2014
January 468.5 1.0 4.7 4.9 6.7
February 470.5 0.4 5.5 5.3 4.7
March 475.3 1.0 10.3 5.8 4.4
April 478.4 0.7 8.7 6.7 4.8
May 480.4 0.4 8.7 7.1 5.2
June 482.7 0.5 6.4 8.3 5.4
July 484.7 0.4 5.4 7.0 5.9

Notes: The wage index is calculated and published according to law no 89/1989. The wage index is based on regular hours earnings each month, calculated and published in the following month.


Real wages increased by 0.6% from the previous month

The real wage index in July 2014 is 117.8 points, 0.6% higher than in the previous month. In the last twelve months the real wage index has increased by 3.5%.

Collective agreements
Agreements between the Minister of Finance, on behalf of the State Treasury, and the municipalities on the one hand and some state workers member unions on the other hand, signed in the 2nd quarter of 2014, affect the wage index in July.

Statistics