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Cyprus hourly labour costs (total cost) decelerated in the fourth quarter of 2021 marking an increase of 1.6% year on year following an annual rise of 7.8% in the previous quarter. According to provisional data released on Friday by Cystat, the two main components of labour costs, wages and salaries per hour worked and non-wage costs per hour worked increased by 1.7% and 0.9% respectively, compared with the same quarter of the previous year. In the 3rd quarter of 2021, the annual …
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