Because of the inflation, the Saxons still have less in their wallets, despite strong wage increases. In the fourth quarter, real wages fell by an average of 2.5 percent compared to the same period last year, as the State Statistical Office announced on Tuesday. Nominally – i.e. not adjusted for inflation – wages increased by 6.9 percent. In the third quarter, the real wage loss was 4.5 percent.
The nominal wage index shows the development of gross monthly earnings of employees including special payments. The real wage index provides information on the price-adjusted earnings trend.
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