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Quarterly Labour Cost Index, First Quarter of 2024

Published at: 21.06.2024 - 11:00

In the first quarter of 2024, compared to the first quarter of 2023, the total hourly labour cost rose by 15.8% (preliminary data). The total hourly labour cost increased by 13.9% in industry, by 16.3% in services and by 19.3% in construction.

The highest annual growth in total labour costs was recorded in ‘Other service activities’ - by 20.8%, ‘Accommodation and food service activities’ - by 20.6%, and ‘Construction’ - by 19.3%.

Statistical domain