Real wages increase by 3 2 per cent

A low increase in prices resulted in an even higher growth in buying power for most wage earners in Norway last year, compared with the previous year.

This is shown by fresh official figures.

Wage earners had an average pay increase of 3.2 per cent, after taxes and adjusted for inflation, NRK reports.

In 2011 the increase in real earnings was 2.9 per cent.

Source: http://www.norwaypost.no/index.php/news/latest-news/28152-real-wages-increase-by-32-per-cent

Posted On : 20 February,2013