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 headline annual inflation rate increased to 4.4% in April 2021 from 3.2% in March 2021. The Consumer Price Index (CPI) increased by 0.7% month-on-month in April 2021.
Our new wage calculator will tell you how much a percentage increase is an amount of money and help you understand the effect of inflation on the wage increase.