NEWS RELEASE WAGES AND INCOME 23 JULY 2014

The wage index in June 2014 is 482.7 points, 0.5% higher than in the previous month. In the last twelve months the monthly wage index has risen by 5.4%.

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
June 457.8 0.3 2.2 9.4 5.7
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
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 0.1% from the previous month
The real wage index in June 2014 is 117.1 points, 0.1% higher than in the previous month. In the last twelve months the real wage index has increased by 3.1%.


 
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 May and June 2014, affect the wage index in June.

Statistics

Further Information

For further information please contact 528 1100 , email upplysingar@hagstofa.is

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