Press Release: Labour Price Index (LPI). Base 2016. Year 2024.

Main results

The Labour Price Index rose by 3.9% in 2024.
The activity that recorded the highest increase was Extractive activities (5.8%).
Aragón displayed the greatest increase (6.7%) and Principado de Asturias the lowest (1.8%).

More information

Annex of tables (includes information from the Autonomous Communities)
Detailed results

The annual variation of the Labour Price Index (LPI) stood at 3.9% in 2024. This rate was 1.5 points higher than that registered in the previous year, which was 2.4%.

Annual LPI rate

Percentage

Results according to the main characteristics of the job position

The economic activities that displayed the largest increases in labour prices in 2024 were Extractive activities (5.8%), Professional, scientific and technical activities (5.6%) and Information and communications (5.5%).

LPI by economic activity. Year 2024

Annual rate (percentage)

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Occupation type was one of the variables that most influenced the price of labour. In 2024, the highest increases in the LPI occurred in Directors and managers (4.9%) and Elementary occupations (4.4%).

Meanwhile, the smallest increases were recorded in Service and hospitality workers, sales staff and military personnel (3.2%) and Scientific and intellectual technicians and professionals (3.5%).

LPI by occupation. Year 2024

Annual rate (percentage)

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By type of working day, the LPI increased by 4.1% among full-time workers and by 1.9% among part-time ones.

By contract type, the LPI rose 3.7% for indefinite-term contracts and 5.1% for temporary ones.

LPI. Year 2024

Percentage

Results by worker characteristics

By sex, the LPI registered an annual increase of 3.8% in women and 3.9% in men.

LPI by age ranges. Year 2024

Annual rate (percentage

By age group, the largest increase in the LPI was recorded among workers between 25 and 34 years of age (5.1%). And the smallest in those aged 55 and over (2.8%).

LPI by age ranges. Year 2024

Annual rate (percentage)

By nationality, the LPI registered an increase of 3.8% for workers who are Spanish nationals, and 4.7% for foreigners.

LPI by nationality. Year 2024

Percentage

Results by autonomous communities

The largest increases in the LPI in 2024 occurred in Aragón (6.7%), Comunidad Foral de Navarra (4.6%) and Comunidad de Madrid (4.6%).

Conversely, the smallest increases in the LPI were recorded in Principado de Asturias (1.8%) and Cantabria (2.0%).

LPI by autonomous communities. Year 2024

Annual rate (percentage)

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Revisions and data updates

The data published today are final. All results of this operation are available on INEBase.

Methodological note

The aim of the Labour Price Index (LPI) is to measure the change in the price of labour over time without this measure being affected by changes in the quality and quantity of work performed (for example, changes in the composition of the labour force, number of hours worked, type of contract, characteristics of employees, etc.). In other words, the composition effect is not taken into account.

The LPI complements the information available in Spain from the INE's Quarterly Labour Cost Survey, Annual Labour Cost Survey and Wage Structure Survey, which provide series of average results on labour and wage costs per employee. These series include the variation in costs and any changes in the composition of employment.

Type of operation:: statistics presented in index form.
Base year:: 2016
Reference period of the results:: the calendar year.
Reference period for the weightings:: the week before the interview.
Population scope:: paid employees in local units.
Geographical scope:: the entire national territory.
Calculation method:: Laspeyres’ Chain Index.

More information on the methodology and the standardised methodological report.

INE statistics are produced in accordance with the Code of Good Practice for European Statistics. More information on Quality at INE and Code of Best Practices.