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Source: Destatis Federal Statistical Office

Press release No. 524 from December 21, 2020

WIESBADEN – According to preliminary calculations by the Federal Statistical Office (Destatis), the annual average in 2020 is likely to be 2.1% higher than in 2019. This would be the smallest increase in collective wages since 2016 (also 2.1% compared to 2015). In 2019, collective wages rose by an average of 3.2% compared to 2018. Monthly basic remuneration and collectively stipulated special payments such as one-off payments, annual special payments or collectively agreed back payments were taken into account. Without special payments, the collectively agreed monthly earnings are expected to be 2.4% above the annual average for 2019.

In its current annual report, the Council of Economic Experts forecast an increase in consumer prices of 0.6% for 2020. This means that the earnings development of the collective bargaining employees in 2020 would be well above the inflation rate.

The final annual results for 2020 and the fourth quarter of 2020 will be published on March 1, 2021.

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EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.

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