Romania, the only country in the region with double digit wage growth

“We do not have a precise measure of the impact of average gross wage increase on inflation, but it is obvious that, among transition countries in the area, salaries grew 20 percent only in Romania. The rise in average gross wage was one-digit in Central European countries, such as Hungary, Poland or Slovakia,” Lazea added.

He cited the Baltic States and Ukraine as an example of inflation rise following significant wage increase. “It is obvious than one cannot have a 25 percent salary increase and a 5 percent inflation rate,” Lazea added. (NewsIn)