Iceland Wage Development Slows In August

By | September 21, 2018

Iceland’s wage growth alleviated in August after speeding up in the previous month, figures from Stats Iceland showed on Friday.

The wage cost index climbed 6.0 percent year-over-year in August, following a 6.3 percent increase in the previous month. In June, the rate of increase was 5.9 percent.

On a month-to-month basis, the wage index edged down 0.1 percent from July, when it acquired by 0.4 percent.

The real wage index grew 3.3 percent each year in August, while it dropped 0.3 percent from the preceding month.

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