The rate of increase in real wages is slowing down

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The rate of increase in real wages is slowing down
Photo: Oscar Olsson/TT

Real wages increased by 3.6 percent in August compared to the same month last year, according to the latest wage statistics from the Swedish Mediation Institute.

The agency notes that a higher inflation rate in August contributed to a decrease in the rate of real wage increases for both employees with and without mortgages.

"For employees without a mortgage, the rate of increase in real wages is now the lowest since the end of 2023," says Simon Torstenson, economist at the Swedish Mediation Institute, in a press release.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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