Mauritius sees 3.3% rise in wages in July-Sept period
However, given headline inflation of 3.5% till date, the increase in wages has not been sufficient to amount to any real increase in purchasing power. (Image: business.mega.mu)
Workers in Mauritius saw a 3.3% increase in the wage rate index for the third quarter of 2013 over the last quarter.
However, given headline inflation of 3.5% till date, the increase in wages has not been sufficient to amount to any real increase in purchasing power.
Statistics of Mauritius published the wage rate index for the third quarter 2013 which showed an increase of 3.3 per cent, or 3.6 points, to reach 112 points.
The implementation of the ‘Errors, Omissions & Anomalies Committee Report’ is the reason behind the rise in salary for the third quarter 2013.
In both second quarter and the third, agriculture, forestry and fishing industry topped the industry list for wage increases, hiking pay by as much as 28 per cent. The electricity, gas, steam and air conditioning supply industry notched up wage increases of 18 per cent while transportation and storage hiked pay by 7.2 per cent.
On the other hand, education and human health and social work activities registered wage increases of just 3.7 per cent and 3.3 per cent respectively while public administration and defence tailed with only 3.1 per cent increase.
But it was construction and arts as well as entertainment and recreation that were the worst performers in the third quarter with a decrease of 0.9 per cent and 0.2 per cent respectively.
Overall, compared to the third quarter of 2012, the overall index of all registered industry groups has increased by 7.2 per cent or 7.5 points.
It is to be noted that the wage rate index is based on wage rates applicable in ‘large’ establishments only where employment is accounted approximately 53 per cent.
To amend wages as well as salaries and pensions, inflation rate is a more suitable index to understand and compensate for loss of purchasing power.
It may be noted that in the third quarter of 2013, headline inflation stood at 3.5 per cent while the corresponding figure for 2012 was 4.4 per cent.