On average, the negotiated increases stand at 3.5%, for inflation contained around 2%, according to forecasts from the Banque de France. After 2022 and 2023 during which some saw their purchasing power eroded by inflation, 2024 is starting on a significantly more positive trend.
“Wages react with a delay to inflation,” explains Erwan Gauthier, one of the co-authors of the note. However, be careful of unpleasant surprises. As in the past year, the increases negotiated in 2024 remain very volatile between sectors and companies.