3.6 C
February 2, 2023

Net average salary down by 4.7 pc in July

According to a National Statistics Institute (INS) communiqué, the net average nominal salary stood at RON 1,355 in July, down by RON 67 (4.7 per cent) compared to June, Agerpres informs. In the same month the gross average nominal salary stood at RON 1,868, 4.3 per cent lower than the level reported the month before. The highest value of the net average nominal salary was reported in the financial intermediations’ sector (RON 3,436), while the lowest was reported in the hotels and restaurants sector (RON 799).

The net average salary reported the following drops in the public system: education system (-22.6 per cent), health and social assistance (-19.8 per cent), public administration (-14.4 per cent). The 25 per cent salary cut applied within the public sector was the reason behind the drop in the net average salary there.

In July the Romanians’ incomes were sensibly eroded by inflation, so that the real salary income index stood at 92.9 per cent compared to June, INS informs. The Institute points out that the real salary income index was calculated as a ratio between the net nominal salary index and the consumer prices index. According to the INS, average net salary hikes were reported only in the economic sector, in the metallurgy industry (+11.4 per cent), in the coal extraction industry (+6-8 per cent), the production and distribution of electricity and heating, natural gas, warm water and air conditioning, and in the metal mining industry.

Related posts

Ten days of compulsory holiday would resolve state salary budget issue


Gov’t keen to force copyright owners to contribute twice to pension fund


ECB keeps rates at 1.5 pct

Nine O' Clock