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Quarterly Labour Cost Index, Fourth Quarter of 2023

Published at: 22.03.2024 - 11:00

In the fourth quarter of 2023, compared to the fourth quarter of 2022, the total hourly labour cost rose by 11.7% (preliminary data). The total hourly labour cost increased by 10.6% in industry, by 10.4% in services and by 19.5% in construction.

The highest annual growth in total labour costs was recorded in ‘Public administration and defence; compulsory social security’ - by 19.8%, ‘Construction’ - by 19.5%, and ‘Education’ - by 17.0%.

Statistical domain