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The Collective Bargaining Round Results in Increased Purchasing Power

Summary by RÚV
The purchasing power of wages increased by just over four percent from the beginning of the current collective bargaining cycle in February last year to January this year. This is stated in the spring report of the Wage Statistics Committee, which was published today. According to it, purchasing power increased more in the private sector than in the public sector. However, this is explained by the fact that wages there had increased twice during…
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The purchasing power of wages increased by just over four percent from the beginning of the current collective bargaining cycle in February last year to January this year. This is stated in the spring report of the Wage Statistics Committee, which was published today. According to it, purchasing power increased more in the private sector than in the public sector. However, this is explained by the fact that wages there had increased twice during…

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RÚV broke the news in on Friday, June 13, 2025.
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