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Wage-price gap up to 7.6 pts in '22, highest since 2001

33 collective bargaining deals last year, wages up 1.1% - ISTAT

Redazione Ansa

(ANSA) - ROME, JAN 31 - Italy's wage-price gap rose to 7.6 points in 2022, its highest level since 2001, ISTAT said Tuesday.
    In 2022, the intense bargaining season led to the implementation of 33 collective agreements and the growth in contractual wages was, on average for the year, +1.1%, said the national statistics institute.
    It said the gap between price dynamics - measured by the Harmonised Indices of Consumer Prices (HICP) - and that of contractual wages rose to 7.6 percentage points, reaching the highest value since 2001, the first year in which the harmonised price indicator was disseminated at a European level (in the past, the maximum value had been reached in 2012 and was equal to 1.8 percentage points). (ANSA).
   

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