Survey suggests most wages are not keeping pace with inflation

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Only 15 percent of Latvia's residents have had their salaries increased due to high inflation, employment agency Nextra Latvia told the LETA newswire, referring to a survey carried out by the company.

6 percent of respondents said that their company's management would increase their salaries in the near future.

On the other hand, 35 percent of Latvian residents have not yet had their salaries raised, but hope that this will happen in the near future, while one-fifth of respondents said their companies were not planning to raise their salaries.

The survey has also found that wages have increased for 17 percent of employees in Rīga, while in the regions this proportion is 12 percent to 14 percent.

16 percent of respondents with higher education said that their salaries had increased and another 8 percent said they were planning to have their salaries increased in the near future. The respective proportions for respondents with secondary and vocational education are 18 percent and 15 percent.

According to the survey, most of residents who have had their salaries increased earn EUR 1,251 a month and more. Among those earning between EUR 551 and EUR 1,000 month, 11 percent have had their salaries raised, as well as 22 percent of respondents earning EUR 1,251 to EUR 1,500, and 31 percent of residents earning EUR 1,501 and more.

Norstat Latvija carried out the study in October 2022, surveying 1,000 Latvian residents aged 18 to 74.

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