Ηourly labour costs increased by 4.8% in first quarter of 2025

08:22 - 17 June 2025

Economy Reporter

Ηourly labour costs (total cost) increased by 4.8%, compared with the same quarter of the previous year, in first quarter of 2025, CySTAT figures show.

CySTAT announced that the two main components of labour costs, wages and salaries per hour worked and non-wage costs per hour worked increased by 4.8% and 4.9% respectively, compared with the same quarter of the previous year.

The hourly labour cost (total cost), seasonally adjusted, increased by 1.3% compared to the previous quarter. The hourly labour cost that refers to wages and salaries, seasonally adjusted, increased by 1.3% and the non-wage cost, seasonally adjusted, increased by 1.5%, CySTAT said.

(Source: CNA)

Ηourly labour costs increased by 4.8% in first quarter of 2025

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