In 2023, salaries increased on average faster than inflation in France according to Dares

Europe 1 with AFP 4:24 p.m., February 10, 2024

The basic monthly salary index (SMB) of all employees increased by an average of 3.8% in 2023, more than inflation which rose by 3.6% last year, according to provisional figures published by the Ministry of Labor. The SMB, measured in private companies (excluding agriculture) with 10 employees or more, represents the gross salary, that is to say before the deduction of social contributions and the payment of social benefits. It does not take into account bonuses or overtime.

The workers are doing well

According to data from Dares (Research Directorate of the Ministry of Labor) published on Friday, the SMB increased by 0.3% during the last three months of 2023. The index of the basic hourly wage of workers and employees (SHBOE) in companies with 10 or more employees in the private sector excluding agriculture, individual employers and extraterritorial activities, increased by 0.4% during the fourth quarter of 2023.

>> READ ALSO

- Employment of seniors: the harsh reality of long-term unemployment

In 2023, it is in industry that the evolution of the basic monthly salary is the most dynamic with an increase of 4.1% compared to 3.8% in the tertiary sector and 3.5% in construction. By socio-professional category, it is the workers who are doing well, according to data from the Ministry of Labor. In 2023, they saw their basic monthly salary increase by an average of 4.3%, compared to 3.9% for employees and 3.3% for managers and intermediate professions.