After five quarters of decline, real wages are back on growth path

Wages are outpacing inflation at an impressive rate, with a 11.5% increase in Q4 2023 compared to just 6.4% inflation. This trend shows no signs of slowing down, with economists predicting even higher real wage growth in 2024. The growth in real wages is fueled by double-digit salary hikes across the economy, including planned increases for government employees. As inflation is expected to fall further, even if it rebounds temporarily, the gap between wages and prices will widen, leading to a significant boost in disposable income.

This puts Poland among the top OECD countries for disposable income growth, outperforming most of the EU.

Source: 300gospodarka.pl