Swedish real wages finally increasing

After two and a half years when real wages were either falling or stagnant, pay increases in Sweden were higher than inflation in March 2024. Figures published by the Swedish National Mediation Office, which, as well as mediating in pay disputes produces the official statistics on pay, show that on average pay across the economy increased by 4.5% in March, at a time when inflation, including mortgage interest cost was 4.1%.

Over the first quarter of the year pay increases averaged 4.4%, going up by 4.6% in the private sector and 3.7% in the public sector.