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Here’s when the only wage indexation of 2023 is expected to take place

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Lhe Federal Planning Bureau published, in January, its latest inflation forecasts, based on the observations of Statbel, the Belgian statistical office. In 2023, the rate of increase in consumer prices should amount to 5.3% (which corresponds to the percentage advanced last December by the institution), compared to 9.59% in 2022 and 2.44% in 2021.

Consequently, the increase in the health index – useful for calculating the indexation of salaries, social benefits and rents – should, for its part, stand at 5.7% in 2023, against 9.25% in 2022 and 2.01% in 2021.

The pivotal index – last reached in November 2022 – should only be exceeded once this year, in April 2023: social benefits and salaries in the civil service should therefore be increased by 2%, respectively in May and June 2023. In the other sectors, wages could also be indexed in the months following the overrun of the pivot index, depending on the joint committee in which the employees are located.

As a reminder, inflation is qualified as “normal” when it is around 2%. High inflation has a direct impact on salaries in the civil service as well as on the amount of social allowances (when the central index is exceeded, the gross amount of the latter increases by 2% a month later, the gross salaries of civil servants progress in the same way two months later). Via indexation, the rise in consumer prices also has an impact on remuneration in the private sector, but the pace is different depending on the sector of activity.

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Finally, as a reminder, according to FEB figures, more than one million employees, indexed on a fixed date, will receive an indexation of around 11% in January.