Press release No. 219 of 30 May 2022
WIESBADEN – The high inflation in Germany led to a decrease in real earnings in the first quarter of 2022. The index of nominal earnings in the first quarter of 2022 was up 4.0% on a year earlier according to first provisional results of the new earnings survey – consumer prices however rose 5.8% in the same period. The Federal Statistical Office (Destatis) reports that this corresponds to a decrease in real (price adjusted) earnings of 1.8%. Inflation thus more than offset the rise in nominal earnings in the first quarter of 2022. The index of nominal earnings shows the development of gross monthly earnings of employees, including extra payments, while the index of real earnings provides information on the price adjusted development of earnings.
Basic data and long time series are available in table earnings survey (62361) in the GENESIS-Online database.
