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Wage growth in 2023 Increase of 1.7% in nominal wages in 2023 and 0.4% decline in real wages

25.04.2024 - The Swiss nominal wage index rose by an average of 1.7% in 2023 compared with 2022, to 102.4 points (base 2020 = 100). Given an average annual inflation rate of +2.1%, real wages fell by 0.4% (96.9 points, base 2020 = 100) according to calculations by the Federal Statistical Office (FSO).

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