Share

Istat, record gap between wages and inflation. Wages stopped in October

The gap between wages and the cost of living hadn't been so wide since 1997: 1,7% - Overall, one worker in three is waiting for the renewal of the contract, 13% in the private sector - Among the categories that have recorded wage increases there are law enforcement, military and firefighters.

Istat, record gap between wages and inflation. Wages stopped in October

It was from 1997, nearly 15 years ago, that the gap between wages and the increase in the cost of living did not reach such high levels. Istat makes it known.

One of the great faults is that of the non-renewal of many collective agreements of work, almost all expired, some of which for almost 2 years.

In October, the change in wages was zero compared to the previous month and registered just +1,7% compared to a year ago, while the level of inflation grew by exactly double (+3,4%), reaching a difference of 1,7 percentage points. The previous record was 1,3%.

At the end of October, 47 employment contracts were in force, which regulate the remuneration of approximately 8,7 million employees. These correspond to 61,7% of the total salary. There are 31 contracts awaiting renewal, of which 16 belong to the public administration, relating to approximately 4,3 million employees (about three million in the public sector).

The share of employees awaiting renewal is 33,1% in the total economy and 12,9% in the private sector. The wait for renewal for workers whose contracts have expired is on average 22,4 months in total and 23,4 months in the private sector as a whole. In October, underlines the statistical institute, no agreements awaiting renewal were signed.

The only sectors that showed wage increases in October compared to the same month of the previous year are: military-defence (+3,7%), law enforcement (+3,5%), rubber, plastic and non-metallic mineral processing and fire brigade activities (both +3,1%). On the other hand, there are zero variations for ministries, schools, regions and local autonomies and the national health service.

comments