Quarterly Labour Cost Index, Third Quarter of 2024

In the third quarter of 2024, compared to the third quarter of 2023, the total hourly labour cost rose by 12.8% (according to preliminary data). The total hourly labour cost increased by 11.4% in industry, by 14.3% in services and by 12.9% in construction.

The highest annual growth in total labour costs was recorded in the ‘Real estate activities’ - by 24.5%, ‘Other service activities’ - by 23.3%, and ‘Accommodation and food service activities’ - by 18.1%.