Wednesday, Germany's Federal Statistical Office announced that the gross monthly earnings increased 2.5% year-over-year to EUR 3,127 in the fourth quarter.

The Destatis said the consumer price index rose 1.7% in the fourth quarter, so that the increase of consumer prices was by 0.8 percentage points smaller than that of earnings.

At the same time, gross monthly earnings, including bonuses grew 2.6% to EUR 3,744.

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