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7th Jul 2022 15:02Eurozone, Daily Monitor

Wages are rising across the Eurozone’s largest economies, but nowhere near as quickly as inflation.

The squeeze on incomes will ease over the coming months as inflation falls, but it will remain severe.

A wage-price spiral is a risk for markets and the ECB next year, even with ’normal’ real wage growth.

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consumer spending core inflation cpi cpi rate ECB gdp data headline inflation income growth italy jobless rate July labour nominal wages pension policymakers public sector q3 q4 real incomes real wage real wage growth real wages savings savings rate spain wage growth wage pressures wages

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