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Italy Leads OECD Wage Decline as Eurozone Down 1.8%

7/17/2026

26 5 Full Breakdown

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Story summary
  • Italy's real wages fell 6.1% between Q1 2021 and Q1 2026, the steepest drop among 27 OECD European nations.
  • Czechia and Sweden saw real-wage declines of 5.8% and 4.8%.
  • Turkey posted a 78.6% real-wage rise despite 32% inflation.
  • Hungary’s wages grew 29.8% because of labour shortages and minimum-wage hikes.
  • Eurozone real wages fell 1.8% overall, with Lithuania up 14.8%, the UK 3.6%, and statutory minimum wages largely keeping pace with prices.