Real wages in the eurozone have largely recovered from their sharp decline during the high-inflation period of 2022, according to the European Central Bank (ECB). Nominal wages have been rising faster than prices, meaning Europeans can stretch their paychecks further. As a result, real wages in the eurozone in early 2025 are close to the levels seen before the inflation surge in late 2021.
International organisations such as the OECD have not yet released their cross-country wage reports for 2025, which are expected in early 2026. Surveys nonetheless offer an indication of pay trends.
