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FOM110A - The real earnings index |
Definition |
The real earning index represents the ratio between the average net nominal earning index and general consumer price index.
The real earning index represents the equivalent value of the goods and services that can be purchased, i.e. used, with average net monthly earning, in a certain period of time, one year as usual, as against another period of time, taking into account the prices of the goods and services. |
Periodicity |
Annual |
Data sources |
Labour cost survey details Statistical survey on consumer prices details |
Methodology |
Until 2017, the net nominal earnings was obtained by subtracting from the gross nominal earnings the following: the tax, employees' contribution to health social insurance schemes, individual contribution of state social security schemes and employees' contribution to unemployment insurance schemes. Starting with 2018, the net nominal earnings is obtained by subtracting from the gross nominal earnings the following: tax, the social security contribution paid by the employees and the social health insurance paid by the employees. Ics = (Icn / Ipc) * 100 Ics = real earnings index Icn = average net nominal earnings index Ipc = general consumer price index |
Last update |
SEP 12, 2024 |
Responsible person |
Popescu Diana Elena; e-mail:diana.popescu@insse.ro; int 2281 |
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