More than 500,000 employees will see their salaries increase by 11.08% on January 1, 2023, according to a calculation by HR service provider Acerta published on Friday.
The more than 500,000 Belgians who are paid according to the joint commission for employees (CP 200) see their salary adapted to the evolution of the cost of living at the beginning of each year. Wage indexation from 1 January 2023 is historically high. In comparison, on January 1, 2022, the salary indexation of private sector employees amounted to 3.58%. Since the introduction of annual indexation in January, 11.08% is the highest rate in the sector. In addition to the CP 200, other sectors have an indexation system which provides for an annual adjustment of salaries to inflation at the beginning of the year. Workers in the food industry (10.96%), road transport and third-party logistics (10.96%), catering (10.964%), food trade (11.08%), insurance (11.1905%) and building management and real estate agents (11.08%) for example can also expect their salaries to be adjusted to inflation on 1 January.
Inflation was very pronounced in 2022. The central index was exceeded five times in the space of one year. Given the Bureau du plan’s outlook, the first overshoot of the 2023 pivot index is expected in April.
