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Tag / purchasing power

Purchasing power of EU workers rising, despite limited collectively agreed pay increases

Purchasing power of EU workers rising, despite limited collectively agreed pay increases

Press Releases   •   Jun 12, 2014 13:39 BST

Nominal collectively agreed pay increases remained limited in the majority of EU Member States in 2013. However, because of lower inflation rates, employees in a number of European countries saw the purchasing power of their wages increase, reflecting a change from the post-crisis trend that had been observed since 2011. Eurofound’s annual update on pay is out.