Hourly labour costs (total costs) increased by 1.6% in the fourth quarter of 2021, compared with an annual increase of 7.8% in the previous quarter, according to preliminary data released today by the Statistical Office. [THE TWO COMPONENTS OF LABOUR COSTS, WAGES AND SALARIES PER HOUR WORKED AND NON-WAGE COSTS PER HOUR WORKED, INCREASED BY 1.7% AND 0.9% RESPECTIVELY, COMPARED TO THE SAME QUARTER LAST YEAR.
According to the Statistical Office, in Q3 2021, the annual changes were 4.3% for wages and salaries per hour worked and 26.0% for non-wage costs per hour worked.
(CNA)
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