Wage rate increase imminent

17 Feb 2022


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.