Between July and September, according to the EU statistical service, all Member States registered accelerations in the indicator, the biggest year-on-year increases in the hourly cost of labour were registered in Bulgaria (16.2%), Hungary, and Lithuania (14.0% each).
Poland (13.3%) Romania (10.9%) and Greece (10.0%) followed, with double-digit increases.
Annual increase in euro area hourly #LabourCosts at 2.9% in Q3 2022 (EU +3.4%) https://t.co/XGLsinDr7U pic.twitter.com/KGPLCMTUe1— EU_Eurostat (@EU_Eurostat) December 19, 2022
In Portugal, the hourly cost of labour increased, in the
third quarter, by 4.2%, compared to the same period in 2021.
Labour costs on the up
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