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ECB Q1 2025 negotiated wage indicator +2.38% vs +4.12% in Q4 2024

ECB Q1 2025 negotiated wage indicator +2.38% vs +4.12% in Q4 2024

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Giuseppe Dellamotta
23/05/2025 | 09:03 GMT
  • The ECB's negotiated wage growth indicator
  • ECB Q1 2025 negotiated wage indicator +2.38%
  • Prior +4.12% in Q4 2024

Wage growth is a lagging indicator but will keep the policymakers' conviction on a return to target high.

ECB wage growth indicator
ECB negotiated wage indicator

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