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Iceland's wage growth moderated in May to the lowest level in just over one year, figures from Statistics Iceland showed Thursday.
The wage index climbed 6.3 percent year-over-year in May, slower than the 7.3 percent rise in April.
Moreover, this was the weakest rate of growth since April last year, when wages had grown 4.9 percent.
On a monthly basis, wage index advanced 2.3 percent from April, when it increased by 0.3 percent.
The real wage index rose 4.2 percent annually and by 2.4 percent monthly in May.
