Cost of living increased by what since 2007?

OU812

Wife has her review next week & mentioned to me that she hasn't had a raise since 2007.

Obviously the cost of living has increased by then , so effectively she's had a pay cut every year by the same amount..

Does anyone know that it's been?

Also, I heard once that legally your salary has to rise by the same percentage as the cost of living, it's possibly just public sector though, any truth to that or did I dream it?

hfallada

CSO produce detailed inflation results. But there was a lot of deflation for most of 2008/2009 and since then inflation hasn't really been more than 1-1.5%. I say costs are maybe 2% higher than 2007.

Your wife is probably better looking at how much she has lost due to all the tax increases like USC and reduction in tax credits. They would have had a far greater impact on her income.

Geuze

http://www.cso.ie/en/statistics/prices/

http://www.cso.ie/en/releasesandpublications/er/cpi/consumerpriceindexseptember2013/#.UlcACV9OMdU


Dec 2006 CPI = 100

2007 value = 102.8
2012 value = 105.6

Sep 2013 = 106.2

antoobrien

OU812 wrote: »

Wife has her review next week & mentioned to me that she hasn't had a raise since 2007.

Obviously the cost of living has increased by then , so effectively she's had a pay cut every year by the same amount..

Does anyone know that it's been?

There are two things you can look at CPI & the "value of the euro".

In 2007 CPI ranged from 99.9 in Jaunary (they rebased the figures in Dec 2006) to 104.7 in December. It's currently 106.2.

The value of the euro" is the purchasing power required to buy a certain basket of items (as defined in the 40s).

In 2007 it was 45.48, in 2012 it was 46.72.

OU812 wrote: »

Also, I heard once that legally your salary has to rise by the same percentage as the cost of living, it's possibly just public sector though, any truth to that or did I dream it?

Legally I doubt it, but that was a cornerstone of the social partnership process and it was applied by many companies.

OU812

Cheers folks. She's scheduled for early next week & is looking for a 7.5% increase (would be happy with 5%) with a re-instatement of one of the benefits that was withdrawn a number of years ago as new people to the company have got this automatically.

OU812

Update to this thread. She had her review, all went well, Very happy with things, watch out for etc...

€5k raise and life insurance paid for.

More than happy.

Gumbo

OU812 wrote: »

Update to this thread. She had her review, all went well, Very happy with things, watch out for etc...

€5k raise and life insurance paid for.

More than happy.

Be quiet, there's people around here that would have you believe the entire private sector is on its knees!







Best of luck to your other half btw

sarumite

kceire wrote: »

Be quiet, there's people around here that would have you believe the entire private sector is on its knees!







Best of luck to your other half btw

Ah for feck sake, can't we have a thread that doesn't go down this path.

Gumbo

sarumite wrote: »

Ah for feck sake, can't we have a thread that doesn't go down this path.

Same could be said for every other thread. It happens. Move on.

sarumite

kceire wrote: »

Same could be said for every other thread. It happens. Move on.

That was my point.

Gumbo

sarumite wrote: »

That was my point.

so it's ok to derail a thread if it was a spiteful public service comment?

That's great OP, I think the thread is derailed a bit now