German Real Wage Growth Biggest Since 2008

Germany's real wage index increased in 2014 to reach its highest level since the beginning of the time series in 2008, largely influenced by the lower inflation pressure in the country, final figures from Destatis showed Thursday.

In the whole year 2014, real earnings grew 1.7 percent from the previous year, which was revised upwardly from a 1.6 percent increase initially estimated. The latest rate of increase was the highest since the time series began in 2008.

Inflation was much lower at 0.9 percent in 2014. Nominal wages also grew 2.6 percent in 2014 from the previous year.

In the fourth quarter of 2014, the real wage index climbed 2.2 percent compared to the same period of the previous year. It also marked the highest rate of increase since the start of the calculations in 2008.

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