Labour cost in 4Q 2024 increase by 5.6%

In a press release ΥΣΤΑΤ notes that on the basis of provisional data, it is estimated that in the 4th quarter of 2024 hourly labour costs (total cost) increased by 5.6%, compared with the same quarter of the previous year.

The two main components of labour costs, wages and salaries per hour worked and non-wage costs per hour worked increased by 5.3% and 7.0% respectively, compared with the same quarter of the previous year. The hourly labour cost (total cost), seasonally adjusted, increased by 1.3% compared to the previous quarter. The hourly labour cost that refers to wages and salaries, seasonally adjusted, increased by 1.3% and the non-wage cost, seasonally adjusted, increased by 1.2%, the Statistical Service says.