Negotiated wages overall increased by 3.9 % yoy in October, following a 4.0 % rise in September. The significant wage agreements with permanent wage increases from 2024 and partially 2025 are having a delayed effect and are now more noticeable. This is because the negative base effects of the discontinued high inflation compensation premiums are gradually fading. Negotiated wages in the services sector were raised more significantly, by 4.5 % yoy, than in the manufacturing sector (+2.4 %).

In October, base wages (excluding one-off and special payments) rose by 4.5 % yoy, following a 4.7 % rise in September.