Poland: Wages Up by 2.9%

BusinessEconomy ♦ Published: February 12, 2013; 23:35 ♦ (Vindobona)

In the fourth quarter of 2012, average wages rose moderately. However, the real income fell for the first time since 1993.

Poland: Wages Up by 2.9% / Picture: © Vindobona.org

According to the Polish Central Statistical Office, the average gross wages grew by 2.9% in the fourth quarter compared to the reference period of 2011. In 2012, the average wage increase came at 3.6%. In 2012, Poland´s inflation rate has reached 3.8%. As a result, real income was down slightly. Last year was the first since 1993 in which Poland has recorded a decrease in real…