Germany: Agreed pay rates increased in real terms in 2009
Largely because of low inflation, collectively agreed pay rates rose substantially in real terms in Germany in 2009, according to a preliminary analysis of the bargaining round issued by the trade-union-linked Economic and Social Research Institute (WSI) in December.
According to the WSI, negotiated pay increases in 2009 ranged between 2% and 4%, while consumer price inflation averaged around 0.3%, resulting in real agreed wage increases of 1.7% to 3.7%.
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