The headline inflation rate in May 2021 accelerated to 5.2 % year on year. The prices of food, transport, public transport and administered prices continue to drive inflation. Remember that inflation statistics refer to the past twelve months, while wage increases refer to the months to come.
The LRS trade union collective bargaining strategy input looks at the minimum wage and settlement trends; the impact of Covid-19 on the economy and collective bargaining; the 2021 bargaining round; and bargaining for the future.