Increase of the Labour Cost Index in the fourth quarter of 2021

Economic indicators
Increase of the Labour Cost Index in the fourth quarter of 2021

In the fourth quarter of 2021, the total hourly labour cost increases by 2.0% on an annual basis.

The sharpest increase of the hourly labour cost is registered in the sector Electricity, gas, steam and air conditioning supply (NACE section D), with 3.1%. At the other end of the spectrum, we find the sector Accommodation and food service activities (NACE section I), in which the hourly labour cost increases with 1.0% on an annual basis.