Windsor Framework & Northern Ireland Protocol Overview

Wages are growing, but not spiralling Earnings have increased, averaging c. 4.5% in last year Outside public pay deal*, private sector earnings growth is not spiralling upwards yet Earnings growth not out of line with inflation since 2019 12 120 10 116 8 112 6 108 4 104 100 2 96 0 I I I I I I 2019 Q3 Q1 Q3 Q1 Q3 Q1 Q3 2018 Q1 Q3 Q1 Q3 Q1 2020 2021 2022 2023 2019 Q3 Q1 Q3 Q1 Q3 Q1 Q3 2020 2021 2022 2023 Q1 All Sectors Public Private - All Sectors Private Public HICP Inflation National Treasury Management Agency Source: CSO Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta * Q4 2022 average hourly earnings distorted by backdated aspect of public sector pay deal Source: CSO, Eurostat 15

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