Contractual wages and salaries - Q1 2023

The index of wages according to the national collective bargaining agreement measures the evolution of wages and salaries (per employee or per hour) determined by contractual provisions set by collective agreements; the indices are calculated with reference to the fixed employment structure of the base period (December 2015).

At the end of March 2023 the coverage rate (share of national collective agreements in force for the wage setting aspects) was 44.4% % in terms of employees and 43.8% in terms of the total amount of wages.

In March 2023, the hourly index increased by 0,1% while the per employee index was unchanged from last month.

Compared with March 2022 the hourly index rose by 2.2% and the per employee index increased by 2.1%.

In the period January-March 2023 both indices increased by 2.2% y/y.