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TBU Sees 2023 Inflation at 4.8%, Feeding Into Wage Bargaining

NORWAY
  • Norway's TBU Committee release their 2023 inflation expectations - figures that feed directly into the annual round of wage bargaining.
  • TBU see inflation slowing to 4.8% this year (down from 5.8% in 2022), while core price rises are expected at 5.1% this year.
  • The report writes that wages in manufacturing rose 4.0% last year, factory workers pay rose 3.5% and office staff pay rose 5.0%.
  • The report concludes that 2022 bargaining will add 1.3% to manufacturing wages in 2023.

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