Press release No. 166 of 27 April 2023
- Earnings indices revised due to change of base period: real and nominal earnings indices published for the first time with base year 2022
- Increase in nominal earnings 0.9 percentage points lower (+2.6%) in 2022 after revision, and consequently, decrease in real earnings 0.9 percentage points higher (+4.0%)
- After revision of consumer price index and nominal earnings index: still the largest loss in real earnings of employees since 2008
WIESBADEN – According to revised results, nominal earnings in Germany rose by an annual average of 2.6% in 2022 on a year earlier. The increase is 0.9 percentage points lower than published on 1 March 2023 on the old basis. On account of the redesign of the earnings survey with data collection starting in January 2022, the indices of nominal and real earnings have now been rebased to 2022 and earlier results revised. The index of nominal earnings reflects the development of gross monthly earnings of employees including extra payments. Consumer prices rose by 6.9% in 2022. The Federal Statistical Office (Destatis) reports that real earnings have thus decreased by an average 4.0% compared with 2021, following their previous downward trend in the last two crisis years. In line with the development of nominal earnings, the decline was 0.9 percentage points higher than had been determined using the provisional calculation basis.
Basic data and long time series are available in table earnings survey (62361) in the GENESIS-Online database.
