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Average monthly pay hit 13-year high in first 10 months: DGBAS

Average monthly pay hit 13-year high in first 10 months: DGBAS

Taipei, Dec. 22 (CNA) Regular monthly earnings in Taiwan for the year through October saw the biggest annual increase in 13 years, according to government figures released Monday. Average regular earnings were NT$38,149 (US$1,208) per month over the first 10 months of this year, a 1.76 percent rise from the same period in 2013, according to the Directorate-General of Budget, Accounting and Statistics (DGBAS). For the month of October, regular pay was NT$38,480 on average, a 2.3 percent increase from the same month last year, the government statistics office showed. "Affected by the (global) economic recovery, the wage raise situation has improved slightly," said Lo Yi-ling, a DGBAS official responsible for census data. The data showed that calculating for inflation in consumer prices (1.30 percent), regular wages over the same period were NT$36,675, up 0.46 percent annually. Meanwhile, Lo said that irregular pay increased as well, as more companies offered annual bonuses and performance awards in the beginning of the year. When regular and irregular pay are added together, average monthly earnings for the first 10 months of the year stood at NT$47,883, up 4.02 percent from the same period in 2013. (By Chen Cheng-wei and Elizabeth Hsu)


Updated : 2021-10-19 12:41 GMT+08:00