Press release 058 / 2014-02-20: Real earnings down 0.2% in 2013
WIESBADEN – Real earnings, or price-adjusted gross monthly earnings, fell by an average 0.2% in Germany in 2013 compared with 2012. After three years in which real earnings increased this is the first decrease of real earnings since 2009, the year of the crisis. The Federal Statistical Office (Destatis) also reports on the basis of provisional results that in 2013 nominal earnings were 1.3% higher than in 2012. Consumer prices rose by 1.5% over that period.
One reason for the decline of real earnings in 2013 were lower extra payments, which often are related to profit. When the development of earnings is adjusted for extra payments, the resulting increase of 1.7% is higher than that of consumer prices.
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