It is too early to know whether salary increases negotiated in autumn 2022 in the major Chemicals and Metals sectors (+6.5%, +8.5% respectively over two years plus €3,000 each) will help to protect wages from the effects of high domestic inflation. However, according to the Federal Statistics Agency’s latest figures (29/11/2022), stubbornly high inflation is continuing to erode real wages, causing them to fall by -5.7% in Q3 2022. Over the third quarter, nominal wages rose by 2.3% year-on-year,
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As a Berlin correspondent for the French and Swiss press since the late 1990s, I cover a wide range of economic, political and social issues, with a particular focus on the German business and labour market. My areas of interest include co-determination, digitalisation, demographics and ESG/DEI policies.