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Global Wage Inflation & Economic Trends 2022

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This document and any attached materials contain confidential information and are the sole property of Randstad Sourceright. They shall not be duplicated, reproduced, disclosed or appropriated in any manner without the prior written consent of Randstad Sourceright. 22 Randstad Intelligence wage inflation & economic trends appendix A: wage inflation vs. inflation Germany France USA Netherlands Wage inflation Australia Recession UK Summary Source: Trading economics wage inflation vs. inflation — developed economies Country 2018 2019 2020 2021 2022# 2023* 2024* W.I I W.I I W.I I W.I I W.I I W.I I W.I I Canada 2.59% 2.27% 2.71% 1.9% 6.77% 0.7% 3.12% 3.4% 2.83% 6.40% 3.50% 2.00% 3.20% NA France 0.40% 1.85% 0.45% 1.1% 0.25% 0.5% 0.43% 1.7% 0.50% 4.47% 0.60% 2.60% 0.40% 1.40% Germany 2.90% 1.75% 2.94% 1.4% -0.48% 0.5% 0.03% 3.1% 4.00% 6.70% 4.45% 2.10% 2.09% 1.90% Italy 1.50% 1.15% 1.06% 0.6% 0.58% -0.1% 0.64% 1.9% 0.72% 5.96% 1.60% 2.20% NA 1.80% Netherlands 1.97% 1.70% 2.54% 2.6% 2.88% 1.3% 2.11% 2.7% 2.52% 8.14% 2.10% 3.60% NA 2.60% Poland 7.10% 1.67% 6.59% 2.3% 4.79% 3.4% 8.62% 5.1% 12.24% 11.06% 2.50% 6.40% NA 5.40% Spain 1.03% 1.69% 1.86% 0.7% -2.59% -0.3% 6.37% 3.1% 5.18% 8.45% 2.00% 2.00% NA 1.00% Sweden 2.56% 1.96% 2.56% 1.8% 2.13% 0.5% 2.66% 2.2% 1.95% 5.54% 2.40% 3.70% 2.20% 1.70% United Kingdom 2.89% 2.48% 3.46% 1.8% 1.58% 0.9% 5.85% 2.6% 6.08% 7.36% 2.80% 3.40% 2.40% 1.50% United States 5.03% 2.45% 4.76% 1.8% 1.29% 1.2% 9.43% 4.7% 11.40% 8.16% 4.00% 1.90% NA NA Australia 2.20% 1.93% 2.23% 1.6% 1.70% 0.9% 1.93% 2.9% 2.40% 5.10% 2.00% 3.50% 2.30% 2.50% Belgium 4.83% 2.05% 3.22% 1.4% -4.64% 0.7% 4.71% 2.4% 1.20% 8.48% 1.20% 1.50% NA 1.70% Czech Republic 8.12% 2.14% 6.98% 2.8% 4.34% 3.2% 6.22% 3.9% 7.49% 12.78% 10.70% 6.30% 2.90% 4.30% Hungary 11.37% 2.85% 11.36% 3.4% 9.74% 3.3% 8.80% 5.1% 19.35% 8.98% 8.20% 4.50% NA 3.20% Japan 1.51% 0.99% -0.31% 0.5% -1.03% 0.0% 0.36% -0.3% 1.25% 1.52% 0.80% 1.00% NA NA Switzerland 0.65% 0.93% 0.60% 0.4% 1.05% -0.7% -0.07% 0.6% 1.20% 2.32% 1.80% -0.20% NA 0.30% wage inflation vs. inflation — emerging markets & developing economies (EMDE) Country 2018 2019 2020 2021 2022# 2023* 2024* W.I I W.I I W.I I W.I I W.I I W.I I W.I I Brazil 1.40% 3.66% 0.2% 3.7% NA 3.2% NA 8.3% NA 11.2% NA 4.0% NA 3.5% China 10.89% 2.10% 9.8% 2.9% 7.6% 2.5% 5.3% 0.9% 1.18% 1.5% 4.0% 2.0% NA NA India 10.00% 4.86% 9.9% 7.7% 7.5% 5.6% 8.0% 4.9% 9.30% 6.8% NA 4.6% NA NA Malaysia 7.20% 0.88% 4.4% 0.7% -9.0% -1.1% 23.4% 2.5% 6.08% 2.4% 2.1% 2.5% NA 2.6% Mexico 5.48% 4.90% 6.7% 3.6% 7.3% 3.4% 7.2% 5.7% 9.45% 7.4% 3.6% 4.0% NA 3.5% Philippines 6.65% 5.21% 5.5% 2.5% 5.3% 2.6% NA 3.9% NA 4.1% NA 4.4% NA 3.3% Russia 11.15% 2.88% 9.0% 4.5% 7.6% 3.4% 10.8% 6.7% 21% 13.9% 30.9% 7.0% 2.1% 6.0% Singapore 3.47% 0.43% 2.6% 0.6% 1.4% -0.2% 3.6% 1.6% 8% 4.9% NA 1.9% NA 1.5% South Korea NA 1.48% NA 0.4% NA 0.5% NA 2.5% NA 4.3% NA 2.6% NA 2.2% Taiwan NA 1.50% NA 0.6% NA -0.2% NA 1.9% NA 3.0% NA 1.0% NA NA Note: Wage inflation data is not available for Brazil, Taiwan, South Korea and Philippines. # The inflation rate and wage inflation numbers for 2022 are based on the average of available monthly numbers or Q1 2022 and * 2023 and 2024 inflation and wage inflation numbers are estimates

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