The total wage index increased by 5.7% between the second quarter of 2023 and the same quarter of 2024. In the same period the labour cost index increased by 1.3%.
This difference is largely explained by easter being in the first quarter of 2024 instead of the second quarter as in 2023, moving days of leave between quarters. This affects the labour cost index, which is based hours worked, but not the total wage index, which is based on hours paid.
Statistics
Total wage index
Labour cost