Press release No. 471 of 21 December 2017
WIESBADEN – Collectively agreed earnings, as measured by the index of agreed monthly earnings including extra payments, increased an average 2.3% in 2017 year on year. This confirms the provisional result published in the press release of 12 December 2017. The Federal Statistical Office (Destatis) also reports that agreed earnings excluding extra payments rose by 2.8% in 2017 compared with 2016. In its current annual report, the Council of Economic Experts forecasts an 1.7% increase of consumer prices in 2017. This means that the earnings of employees covered by collective agreements were above the inflation level for the sixth consecutive year.
Basic data and long time series are available in tables Indices of agreed earnings, weekly working hours (62221-0001), (62221-0003) and Monthly index of agreed earnings and working hours (62231-0001) in the GENESIS-Online database.