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Hong Kong wages rise 3.4% in June, real pay increases 1.6%
Hong Kong’s Census and Statistics Department data showed the nominal wage gain was broad across surveyed industries, while real wages grew 1.6% year on year after adjusting for inflation.
Hong Kong wages rose 3.4% year on year in June, according to figures released by the Census and Statistics Department, with the nominal increase spread across all surveyed industries, the SCMP Economy reported.
After adjusting for inflation using the consumer price index, overall real wages grew 1.6% in June year on year, keeping basic pay growth ahead of rising living costs.
A government spokesman said wages and labour earnings continued to increase solidly in the second quarter of the year, and the government expects further pay rises ahead of sustained economic expansion and labour demand.