real terms.
Over
import/export) trades, increased by 7% and 6% respectively in
the same twelve months, the upward
adjustment in civil service salaries represents an increase of
4/ in real terms due to the slowing down in the rate of
inflation.
4.10
Construction wage rates increased by 2% in money
terms during the third quarter, making a total increase of 13%
during the twelve months ending September 1982(5). As the
rate of inflation was lower, there was some increase in real
terms.
(5)
Index of construction wage rates (January 1970=100)
% change on
Index
a year ago
1980
Mar
.457.4
15.4
Jun
472.1
14.3
Sep
488.8
12.8
Dec
517.4
14.9
1981
Mar
533.6
16.7
Jun
544.3
15.3
Sep
550.1
12.5
Dec
572.6
10.7
1982
Mar
598.4
12.1
Jun
611.7
12.4
Sep
321.0
12.9
24