The next overshoots of the central index should occur next September and then in January 2023, according to the latest monthly forecasts from the Federal Planning Bureau published on Friday. This is a month earlier than what was still expected at the beginning of May.
The inflation rate should rise to 8.1% this year, compared to 3.5% in 2023. The increase in the “health index”, which is used among other things to calculate the indexation of wages, social allowances and rents, would be 7.6% in 2022 and 3.6% in 2023, compared to 2.01% in 2021 and 0.99% in 2020.
The central index for social allowances and salaries in the public sector was last reached in April 2022. Therefore, social allowances and salaries in the civil service will be adjusted to the cost of living, i.e. 2 %, respectively in May 2022 and June 2022.
The index should be reached once more in September 2022 and then in January 2023, and should not be reached once more before 2024.
