Dutch salary increases lag inflation rate
As the euro zone crisis drags on, salaries in the Netherlands will have a hard time keeping up with inflation.
For the first time since 1980 the Netherlands rate of inflation is higher than average salary increase budgets. During the 12-month period ending April 2011, inflation, as measured by the Netherlands Statistics, was 2.3 percent. That compares to average salary increase budgets that averaged 1.3 percent nationwide for the same period.
The average wage increase last year was as moderate as in 2010. In that year the wages were still in line with inflation.
Government employees had the lowest wage increase last year. Government officials received in 2011 on average 0.5 percent more pay than a year earlier.
More at The Dutch Daily News