Average hourly pay rates across the Irish economy rose by 5 per cent with inflation running at 6.1 per cent during the period
The average rate of wage and salary growth for the Eurozone as a whole was 4.6 per cent and 5.1 per cent across the wider EU.
Increases in the Information and Technology sector remained fractionally above the EU average despite post-pandemic uncertainty in the industry and high-profile rounds of redundancies at some of the sector’s biggest names.The average pay increases in Ireland are below the rate of inflation for the period in question. The consumer price increase rose by 6.1 per cent to June according to the Central Statistics Office having peaked at 9.
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