Ten Years Without Productivity

Η παραγωγικότητα ανά απασχολούμενο είναι 3% κάτω από το 2015, ενώ στη ζώνη του ευρώ είναι 2,4% πάνω. Γι’ αυτό κάθε αύξηση μισθών καταλήγει στις τιμές.

Η παραγωγικότητα ανά απασχολούμενο είναι 3% κάτω από το 2015, ενώ στη ζώνη του ευρώ είναι 2,4% πάνω. Γι’ αυτό κάθε αύξηση μισθών καταλήγει στις τιμές.

Ο δείκτης ενοικίων έμεινε στο 0,0% για 28 συνεχείς μήνες και μετά εκτινάχθηκε στο 11,4% — τριπλάσια από τον γενικό πληθωρισμό, και πολύ πάνω από τη ζώνη του ευρώ.

In 2022, profits contributed 3.9 out of the 6.3 percentage points of inflation and wages 0.3. From 2024 this reverses — and the average real wage remains below 2019.

The shock of 2022 came from goods and has now passed. However, core inflation has not fallen below 3% for two years, and services are outpacing goods.

Inflation fell from 12.1% to 3.4%. However, the price level has been rising since 2021 at an annual rate of 4.3%, compared with 2.3% during the euro era — a doubling in sixteen years rather than thirty.

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