three quarters of 2025, according to quarterly statistics collected from private sector establishments that are available up to September 2025. The average nominal wage rate, as measured by the nominal wage index for all selected level or below, rose by 3.3% in September, after increasing by 3.5% in both March and June. After discounting for inflation, the average wage rate increased by 1.8% in real terms in September. Nominal labour earnings(8), as measured by the index of payroll per overtime pay, discretionary bonuses and other irregular payments, increased by 2.8% in the third quarter of 2025, after rising by 3.2% in the first quarter and After discounting for inflation, labour earnings rose by 1.7% in real terms in the third quarter.