13-02-2019 - In 2018, the Labour Cost Index increased by 4.1% over the previous year

In 2018

Labour Cost Index increased by 4.1% over the previous year

The Labour Cost Index (working days adjusted) increased by 10.4% in the 4^th quarter of 2018, compared with the same period of 2017.

The two main labour cost items are “wage costs” (per hour actually worked) and “other costs” (non-wage costs but per hour actually worked). “Wage costs” increased by 10.3% and the “other costs” by 11.1% from the year-ago quarter, respectively. This increase reflected the full payment of the Christmas bonuses, which was not the case in 2017.

At the country level, the Index increased by 8.0% year-on year. “Wage costs” went up by 8.0% and the “other costs” by 7.8%.

The annual data show that in 2018, the regional Labour Cost Index (LCI) increased by 4.1% when compared to 2017. This increase was determined by the positive rate of change in “wage costs” (+4.0%) and in “other costs” (+4.2%). In Portugal the LCI increased by 2.8% in 2018. Its components (“wage costs” and “other costs”) also grew by 2.8%.

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