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Lots of talk, understandably so, about wage rises and inflation rises, and how wages aren't currently keeping up with inflation. Thought I would see what is happening elsewhere.
Looks like the UK is doing 'less worse' than elsewhere. Germany has wages falling even before taking account of inflation. Czech Republic the same, with inflation also at 12.7%. Thats a huge impact on living standards.
The longer this goes on, there will be a lot of disgruntled electorates across Europe.
Very interesting I thought.
Country Inflation Wage Growth
Czech Rep 12.7% -2%
Poland 10.9% 11.7%
Spain 9.8% 5.1%
Netherlands 9.7% 2.4%
Hungary 8.5% 14.2%
Belgium 8.3% 3.3%
USA 7.9% 9.2%
Euro Area 7.5% 1.5%
Germany 7.3% -1.4%
Italy 6.7% 0.6%
UK 6.2% 5.4%
EU 5.6% 2%
France 4.5% 0.5%
Norway 4.5% 3.5%
Sweden 4.3% 1.9%
Australia 3.5% 2.3%
Switzerland 2.4% -0.1%
Japan 0.9% 1.2%
Sources
Note: Calculation methodology may be different in different countries. Data is latest available.
Looks like the UK is doing 'less worse' than elsewhere. Germany has wages falling even before taking account of inflation. Czech Republic the same, with inflation also at 12.7%. Thats a huge impact on living standards.
The longer this goes on, there will be a lot of disgruntled electorates across Europe.
Very interesting I thought.
Country Inflation Wage Growth
Czech Rep 12.7% -2%
Poland 10.9% 11.7%
Spain 9.8% 5.1%
Netherlands 9.7% 2.4%
Hungary 8.5% 14.2%
Belgium 8.3% 3.3%
USA 7.9% 9.2%
Euro Area 7.5% 1.5%
Germany 7.3% -1.4%
Italy 6.7% 0.6%
UK 6.2% 5.4%
EU 5.6% 2%
France 4.5% 0.5%
Norway 4.5% 3.5%
Sweden 4.3% 1.9%
Australia 3.5% 2.3%
Switzerland 2.4% -0.1%
Japan 0.9% 1.2%
Sources
Note: Calculation methodology may be different in different countries. Data is latest available.
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