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Germany’s employees are continuing to make up for the loss of purchasing power stemming from a period of increased inflation, with second quarter real wages posting an increase for the fifth time in a row. The data, released on Thursday by the Federal Statistical Office (Destatis), showed salaries between April and June were nominally 5.4% higher than a year earlier, while consumer price inflation during this period was only 2.3%. This means there was real wage increase of 3.1% Previously, employees had suffered significant losses in purchasing power. From the end of 2021 to the beginning of 2…

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