Wage Rate Index – First Quarter 2025 (Base: fourth quarter 2021=100)
Highlights
1. The Wage Rate Index increased by 1.5% or 2.0 points to reach 131.7 in first quarter 2025 from 129.7 in fourth quarter 2024. Compared to first quarter 2024, the index increased by 6.6% or 8.2 points.
2. Main changes registered in the sub-indices from fourth quarter 2024 to first quarter 2025 are:
Human health and social work activities
+2.6%
Public administration and defence; compulsory social security
+2.4%
Education
+2.4%
Accommodation and food service activities
+2.2%
Agriculture, forestry and fishing
-2.6%
3. The Wage Rate Index for the General Government sector, which accounts for around 34% of the total weight of the Wage Rate Index, increased by 2.4% or 2.8 points from 116.9 in fourth quarter 2024 to 119.7 in first quarter 2025. Compared to first quarter 2024, an increase of 3.4% or 3.9 points is noted.
4. The index for the public sector, which comprises General Government and public enterprises and accounting for around 46% of the total weight of the Wage Rate Index, increased by 2.1% or 2.5 points from 119.4 in fourth quarter 2024 to 121.9 in first quarter 2025. Compared to first quarter 2024, the index increased by 3.7% or 4.4 points.
5. The index for the private sector, which accounts for around 54% of the total weight of the Wage Rate Index, increased by 1.1% or 1.5 points from 137.5 in fourth quarter 2024 to 139.0 in first quarter 2025. Compared to first quarter 2024, it increased by 8.3% or 10.6 points.
26 June 2025
