The ECB’s wage tracker, which closely mirrors its indicator of negotiated wages, rose to 2.7% in the fourth quarter of 2026, up from 2.5% in the previous period. It was the highest since Q2 2025. Wage Tracker in Euro area averaged 2.31 percent from 2013 until 2026, reaching an all time high of 5.30 percent in the fourth quarter of 2024 and a record low of 1.10 percent in the first quarter of 2021. source: European Central Bank

Related	Last	Previous	Unit	Reference
Inflation Rate YoY	1.90	2.10	percent	Dec 2025
ECB Interest Rate	2.15	2.15	percent	Dec 2025
Negotiated Wage Growth	1.87	4.01	percent	Sep 2025
Unemployment Rate	6.20	6.30	percent	Dec 2025
Wage Growth YoY	3.00	3.80	percent	Sep 2025
Wages	2621.00	2600.00	EUR/Month	Jun 2025

ECB Wage Tracker

The ECB Wage Tracker is a tool developed by the European Central Bank and several euro area national central banks to monitor wage developments across the euro area. It is based on detailed data from collective bargaining agreements in eight countries and helps assess wage pressures by aggregating national indicators using compensation-weighted data. The tracker is forward-looking but subject to revisions as new information becomes available.