Iceland Wage Growth Slows In August

Iceland Wage Growth Slows In August

Iceland's wage growth eased in August after accelerating in the previous month, figures from Statistics Iceland showed on Friday.

The wage cost index climbed 6.0 percent year-over-year in August, following a 6.3 percent rise in the previous month. In June, the rate of increase was 5.9 percent.

On a monthly basis, the wage index edged down 0.1 percent from July, when it gained by 0.4 percent.

The real wage index grew 3.3 percent annually in August, while it dropped 0.3 percent from the preceding month.

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