No longer losing out to inflation: GUS
13:47
Inflation in July? 15.6 percent compared to July last year. The average salary? In the business sector, it amounted to PLN 6,779 gross, or PLN 4,868 net, the Central Statistical Office (GUS) reported on Friday.
Compared to July last year, this is an increase of 15.8 percent. And this means that wages are chasing inflation, and in July (on average), in real terms, workers and employees did not lose out as they did a month earlier when wage growth of 13 percent was lower than the inflation rate of 15.5 percent at the time.
Analysts are cooling their emotions. Economists at mBank, for example, point to the impact of mining wages on the average.
"Wages have been powerfully distorted. The real dynamics are good, but not spectacular," they wrote in a commentary on the data.
This is confirmed by economists at PKO Research.
"Average wages in the corporate sector rose by 15.8 percent y/y in July, compared to 13 percent y/y in June, with solid support from one-off bonus payments in mining," they assessed.
Besides, a wage of PLN 6,779 gross should not be considered common. Nearly two-thirds of Poles and Polish women earn less.
