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Malta wage inflation among lowest in EU

Hourly labour costs in the euro area rose by 2.1% in the year up to the first quarter of 2010, compared with 1.7% for the previous quarter, figures issued today by the EU show. In the EU27, the annual rise was 2.2% up to the first quarter of 2010, compared with 2.0% for the previous quarter.

The increase in Malta was of 0.1 per cent. The highest annual increases in hourly labour costs were registered in Bulgaria (+10.5%) and Romania (+7.4%). The highest annual decreases were observed in Lithuania (-11.0%), Latvia (-7.2%), Estonia (-5.5%) and the Czech Republic (-3.1%).

The two main components of labour costs are wages and salaries and non-wage costs. In the euro area, wages and salaries per hour worked grew by 2.0% in the year up to the first quarter of 2010, and the non-wage component by 2.1%, compared with 1.6% and 2.0% respectively for the fourth quarter of 2009. In the EU27, hourly wages and salaries rose by 2.3% and the non-wage component by 1.9% in the year up to the first quarter of 2010, compared with 1.9% and 2.5% respectively for the previous quarter.

The breakdown by economic activity shows that in the euro area hourly labour costs rose by 1.8% in industry, 2.1% in construction and 2.2% in services in the year up to the first quarter of 2010. In the EU27, labour costs per hour grew by 1.8% in industry, 1.4% in construction and 2.5% in services.

The highest annual increases in hourly labour costs were registered in Bulgaria (+10.5%) and Romania (+7.4%). The highest annual decreases were observed in Lithuania (-11.0%), Latvia (-7.2%), Estonia (-5.5%) and the Czech Republic (-3.1%).

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A Camilleri

Jun 16th 2010, 20:33

Sorry A.Mangion. You said migrate and return. Return to what I may ask?

To going to the pharmacies and always finding medicine out of stock; To the pollution/dust in the air. To the holier than though crowd; to the unmarked and unmaintained roads; to depending on a lottery to send your children to a church school; to depending on ones parents cause childcare facilities are rare or expensive; to waiting for the end of month pay to afford some extraordinary expense; to the stress of every day life; to the summer murtali; to the traffic; to people not honoring their word when it comes to goods/services; poor timekeeping; to the unbearable heat; interrupted power supply as of lately; and the list goes on and on.........you may come back rich, but money will never buy you the quality of life one aspires to in such conditions. Think again A.Mangion.

Lennie Galea

Jun 17th 2010, 15:21

Re; A.Mangion/A.Camilleri:::You have a point my friend not one but many, and you are absolutly correct in every word. I knew the positive and the negative side of the islands, but the reason we come back after my retirement, now i am in my late 60's is we have grand children, i can asure you i didn't retrun to my country of birth for the government or anyone else or even the men of the cloth running this upside down country, only for my family, the doors are always open god's willing to return back where i spent many years in a country that has given us a reasonable decent standard of living, had i stayed in Malta i would be still poor, and will most probably die poor, but as they say money is n ot everything, health first and then my immediate families.

J.Scicluna

Jun 16th 2010, 15:04

Mr Grima's grasp of figures must be befudled by his "love towards the PM and his hard working cabinet"!

These are labour costs that the article is talking about. Given that these costs are made up of wages and salaries and non-wage costs, and that the increase in Malta was of only 0.1 per cent, it goes to prove that salaries have barely increased. Compare that with the increase in cost of inflation and other expences, the Maltese workers' purchasing power is constantly dwindling.

If, for example, a Maltese worker costs his employer EUR1000 per month, the cost has increased for the employer 0.1 per cent = EUR10, of which ONLY a part is attributed to salary and wages. Now, for all those who still have a heart, put your hand on it and admit whether a PART of EUR10 a month covers all the increases in your monthly "shopping basket".

To make the point more interesting, the salaries in Malta are already lower than most EU countries, to start with.

Joe Cassar

Jun 16th 2010, 15:06

Did you understand what you were reading, Mr Grima? Wage increases in Malta were amongs the lowest in the EU.

You find that reason to celebrate?

edward bartolo

Jun 16th 2010, 15:08

Quote: "Where are the moners today???"

They are busy taking their siesta. :)

Victor Laiviera

Jun 16th 2010, 15:09

Mr Grima, sometimes I suspect that your contributions are written tongue-in-cheek and you are pulling our legs.

Otherwise .....

mario gellel

Jun 16th 2010, 15:18

QED TIFRAH BIL POLITIKA TA GVERN LI ZAMM IL-HADDIEMM JITHALLAS PAGI TAT-THIRD WORLD COUNTRIES??? HEKK TRIDUH IL-POPLU, JOKROB U JITTALLAB???

R.Gauci

Jun 16th 2010, 15:51

Man are you serious?
Your Prime minister had failed to control the high rise in the cost of living and in fact more then once he promised the setting up of an agency to control prices which never happened!!
You know what does this means? On one side you had the highest rate of Inflation in the cost of living through the EU and on the other you had the lowest wage inflation!!
I can assure you that I am not the usual moaner as you called them cause I don't give a hick of what is happing in Malta since I am not working and living there but you have to call a spade a spade and yes the cost of living in Malta across the board is very high and you can compare it with that of countries such as Germany,Holland,France,UK and Ireland and in most cases Water and Electricity bills,road tax and food stuffs cost even higher then in these countires with the difference that the wages in Malta are half of what they are in these Countries and if you don't believe me I can show you receipts to proof what I am saying!!

J. Mifsud

Jun 16th 2010, 19:55

Mr Grima, don't mind me asking, but, with all your respect, CAN YOU READ MAN?

If I was a PN official, I would definitely do my best to convince you to keep your love to your beloved Gonzi to yourself. When I read your blog I do not know if I have to laugh or cry!!! Believe me man, you make my head go dizzy, as I doubt myself if we are reading the same article.

Well at least many bloggers may thank you for keeping us all amused.

Ummi ma x'faqar ta' mhuh!!!!!

Claire Busuttil

Jun 16th 2010, 23:38

Inti bis serjeta imma qed tikteb???

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