fees It closed the second quarter of the year with an annual increase of 5.7%.This is one of the highest rates of increase recorded in the labor cost index, updated quarterly by the National Institute of Statistics (INE). This is information that exactly coincides with the salary increase determined by the Tax Office. After two years when companies increased prices, but only payrolls, wages are on the rise in this second wave walks on inflation.
However, they are still not intense or long enough to allow workers to regain all the purchasing power they lost after the storm of inflation broke out. The current dynamic, encouraged by upward renewal of collective agreements under rules agreed between employers and unions, is positive for workers’ pockets. Moreover Due to the improvement in the quality of growing employment with better quality and better paid jobs.
Salary per hour actually worked in Spain is at the end of the second quarter, according to data released by INE this Friday. 12.3% higher than in the same period of 2019before the outbreak of covid. However, CPI grew more strongly and prices increased by 15% on the same dates. Although fees (5.7%) are currently rising faster than prices (1.9% in June), they have been accumulating in the opposite direction over the months.
There are a few activities that provide a cross-section of negative balance compared to the pre-pandemic period, but better real wages. This is the situation of workers in companies focused on energy supply (+1.1%) where profits have increased significantly in recent months. rising gas and electricity bills. Also employees of real estate firms (+4.1%) or scientific and technical professionals (1.1%).