The ECB’s wage tracker, which closely mirrors its indicator of negotiated wages, remained unchanged since the start of the war in the Middle East at 2.6% in the fourth quarter of 2026, the highest since Q2 2025. However, wage growth is set to slow during 2026 as signs remain unclear on whether wage increases will add to inflation. source: European Central Bank

Wage Tracker in Euro area averaged 2.30 percent from 2013 until 2026, reaching an all time high of 5.20 percent in the fourth quarter of 2024 and a record low of 1.10 percent in the first quarter of 2021. ECB Wage Tracker - data, historical chart, forecasts and calendar of releases - was last updated on May of 2026.

Related	Last	Previous	Unit	Reference
Inflation Rate YoY	3.00	2.60	percent	Apr 2026
ECB Interest Rate	2.15	2.15	percent	Apr 2026
Negotiated Wage Growth	2.95	1.89	percent	Dec 2025
Unemployment Rate	6.20	6.30	percent	Mar 2026
Wage Growth YoY	3.00	3.20	percent	Dec 2025
Wages	2652.00	2642.00	EUR/Month	Dec 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.