Labor costs grow 4.1% in Cyprus

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The outgo of employing workers successful Cyprus roseate 4.1% successful the 2nd 4th of 2025 compared with the aforesaid play past year, according to preliminary information that the Statistical Service of Cyprus (CyStat) released connected Monday.

The summation reflects higher wages and salaries, which grew 4.2% per hour, arsenic well arsenic a emergence successful non-wage costs, such arsenic κοινωνικά information contributions and different employment-related expenses, which climbed 4.1%.

Even compared with the archetypal 4th of 2025, adjusted for seasonal patterns, labour costs edged up 1%, with some wage and further employment expenses contributing arsenic to the quarterly rise.

The total hourly labour outgo index, which tracks the mean outgo of labour implicit clip and uses 2020 arsenic a baseline of 100, reached 118.73 without seasonal adjustments and 125.06 aft adjustments.

A year earlier, the aforesaid figures had stood astatine 114.01 and 119.95, respectively.

Economists accidental such increases tin awesome rising concern expenses, which whitethorn yet impact prices for consumers, but they besides bespeak stronger compensation for workers.