Wage Rate Index – 1st Quarter 2024
Highlights
(Base: fourth quarter 2021=100)
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1. The wage rate index increased by 8.0% or 9.1 points to reach 122.5 in first quarter 2024 from 113.4 in fourth quarter 2023. Compared to first quarter 2023, the index increased by 10.8% or 11.9 points.
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2. Main changes registered in the sub-indices from fourth quarter 2023 to first quarter 2024 are:
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Manufacturing
| +17.3%
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Administrative and support service activities
| +15.5%
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Wholesale and retail trade; repair of motor vehicles and motorcycles
| +11.0%
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Public administration and defence; compulsory social security
| +10.4%
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Transportation and storage
| +8.1%
|
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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 8.4% or 9.0 points from 106.6 in fourth quarter 2023 to 115.6 in first quarter 2024. Compared to first quarter 2023, an increase of 7.4% or 8.0 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 7.4% or 8.1 points from 109.1 in fourth quarter 2023 to 117.2 in first quarter 2024. Compared to first quarter 2023, the index increased by 7.8% or 8.5 points.
5. The index for the private sector, which accounts for around 54% of the total weight of the wage rate index, increased by 8.1% or 9.5 points from 117.5 in fourth quarter 2023 to 127.0 in first quarter 2024. Compared to first quarter 2023, it increased by 12.9% or 14.5 points.
Statistics Mauritius
Ministry of Finance, Economic Planning and Development
26 June 2024
