Iceland’s wage index increases 2.3% in June

REYKJAVIK: Iceland’s wage index reported a month-on-month increase of 2.3 percent in June 2015, according to Statistics Iceland here the other day.

The figures showed that the wage index in June was 517.1, an increase of 2.3 percent compared with 505.7 in May. The index takes the wage in December 1988 as base number of 100.

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In the past 12 months, the monthly wage index has increased by 7.1 percent.

The real wage index in June was 123.6, an increase of 2.0 percent compared with that of the previous month.

In the past 12 months, the real wage has increased by 5.5 percent.