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Germany Wages to Increase ‘Slightly’ in 2012, Rundschau Reports

Nov. 23 (Bloomberg) -- Real wages in Germany will rise 0.8 percent in 2012, the Frankfurter Rundschau reported, citing Heiko Peters, a member of the scientific staff at Germany’s Council of Economic Experts.

The effective hourly wage is expected to increase 2.7 percent on average, while prices will increase about 1.9 percent, the newspaper quoted Peters as saying.

In the current year, real wages are expected to rise by 0.5 percent, Frankfurter Rundschau said in an e-mailed preview of an article that will appear in today’s edition.

To contact the reporter on this story: Ragnhild Kjetland in Frankfurt at rkjetland@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net

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