Announcement by the Cyprus Statistical Service
Labour Cost Index – Annual Change 5,4% – 4th Quarter 2023
Based on provisional data, in the 4th quarter of 2023, the hourly labour costs (total cost) increased by 5,4%, compared with the same quarter of the previous year.
The two main components of labour costs, wages and salaries per hour worked and non-wage costs per hour worked increased by 5,6% and 4,6% respectively, compared with the same quarter of the previous year.
