The European Central Bank's wage tracker data released on Wednesday showed that negotiated wage growth in the eurozone has largely remained stable since the outbreak of the Iran conflict, offering some relief to policymakers concerned about inflation getting out of control.
The ECB stated that, based on data collected up to mid-April, negotiated wage growth for 2026—including one-off payments (both smoothed and non-smoothed measures)—stood at 2.6%, unchanged from the latest forecast at the end of March.
Wage trends are currently under close watch as soaring energy prices drive up inflation, while widespread employee demands for higher pay could trigger a hard-to-contain wage-price spiral.
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