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Wages Lag Behind Rising Prices
Description
Inflation’s creeping back across Europe, outpacing wage growth and eroding buying power—prices up 3.2% in April while paychecks rise just 2.3%, reversing a late-2023 trend. Energy shocks from Ukraine and now Middle East tensions reignite cost pressures, with France and Italy especially hard hit as wages stall or lag behind soaring prices. The UK bucks the trend with 4% wage growth beating 2.8% inflation, while Germany and Ireland narrowly edge ahead—but for most, wallets are shrinking faster than paychecks.
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