Wage rate increase imminent

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Newsflash
Datum:
17 Feb 2022

Newsflash

As revealed in  a press release dated 16 February 2022, Luxembourg’s National Institute for Statistics and Economic Studies (STATEC) has revised its inflation forecasts for this year.

Initially estimated at 2.5% last November, the inflation rate could reach 4.4% in 2022.

The next wage rate increase could therefore come into effect as early as the second quarter of 2022.