The basic salary of the private sector down over one year, taking into account inflation

The basic monthly salary in the private sector fell by 1.1% year-on-year in the third quarter, taking inflation into account, according to provisional quarterly results from the Ministry of Labor, published Friday in the midst of a social movement for an increase in pay.

The basic monthly salary (SMB) index of employees increased by 0.2% in the third quarter compared to the previous quarter and increased by 1.9% year-on-year, the statistics department of the Ministry of Labor said. But in constant euros, that is to say taking into account inflation, it fell by 1.1% over one year.

As for the index of the basic hourly wage of workers and employees (SHBOE), in companies with 10 or more employees in the private sector excluding agriculture and individual employers, it increased by 2.1% over one year, but also fell in constant euros, by 1%. In constant euros, it falls over one year by 1.2% for workers, by 0.8% for employees and by 1.3% for intermediate professions and managers.