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Most expect lower wage growth for this year compared to the previous quarter, according to the latest survey by Norges Bank published on Thursday. Business leaders are the only ones who anticipate a slightly higher wage increase, while economists and households expect around 1.1% and 1.2% real wage growth, respectively. Real wage growth means a salary increase that outpaces inflation, providing better purchasing power and the ability to buy more goods with the same income.
Household expectations for overall wage growth have slightly decreased, but inflation is projected to remain above the central bank's 2% target in the near future. Despite a slight stabilization in expectations for self-employment, signals from the job market have weakened.
Written by urgent.news from E24 Norway's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
