ESRI: Real wage growth expected as inflation continues to subside 

Kieran McQuinn, research professor at ERSI, said given the slow down in inflation, 'households for the first time in a couple of years will have real wage growth this year'.

The Economic and Social Research Institute (ESRI) is forecasting real wages to grow during 2024 after years of inflation wiping out any gains Irish workers may have experienced, with the labour market also expected to remain robust.

Inflation is expected to be 2.3% this year with nominal growth wages for Irish workers expected to run at about 4.5%. Inflation is expected to reduce to 2% in 2025.