24 May 2013 | 23:24
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Labour spokesman for Economic Development Charles Mangion said on Friday that statistics just published by Eurostat shows that GonziPN has lost all control on inflation that is hurting very badly families and businesses. Families continue to lose their purchasing power while businesses lose their competitiveness.
At 4.2% Malta has the highest inflation in the euro zone in July which has an average rate of 2.4%.
Mangion said this shows that GonziPN and the regulators it has set up to protect consumers are failing dismally.
Inflation at 4.2% without economic growth is disorienting the economy of the country as usually when a country does not have economic growth, inflation goes down.
Mangion said that families and businesses, already crushed under the water and electricity bills have to pay higher prices since July 2011 for vital and essential products and services like food and drinks, healthcare, transport, education, hotels and restaurants.
Maltese employees have to pay for prices higher than in the euro zone with wages that are lower than in the euro zone. In the euro zone the average wage per hour is €27.6 while in Malta it is €11.9 per hour.
Mangion said that: “Government, through the utility bills, fuel prices, MEPA fees and other administrative costs, is contributing to inflation by imposing costs that make it double that of our competitors.”
Mangion said that the political instability is hurting the country as government is riven with internal problems and cannot focus on improving the quality of life of families and on investing in the country to make it overcome its economic difficulties.
Comments
Marie Benoit
- Sat 18-Aug-2012, 15:32And now it has happened in South Africa. They have just sho 34 miners only because they are asking for better pay, instead of the miserable wages they receive for what is extremely dangerous work. Many of these workers come from poor countries like Lesotho and Mozambique, leaving their families behind and living in SA in dreadful conditions. SA is so rich in minerals etc. but the workers have to work for next to nothing and just because they ask for a raise they get killed! Here they do it more elegantly. But the end result is the same. TAKE IT OR LEAVE IT... and since jobs are so few and far between, then most workers bow their heads down and take it.
alido 98
- Sat 18-Aug-2012, 00:27ŻOMMU DAWN IL -FRAZIJIET GO MOHHKHOM, GONZIPN U IL -KABINETT TAL-PARTIT NAZZJONALISTA GHANDHOM PAR IDEJN SODI U FLIMKIEN KOLLOX POSSIBLI ,BIEX BIL -MOHBI MINN WARA DAHAR IL-POPLU HADU ZIEDA TA MADWAR 600 EWRO ZIEDA FIL-GIMGHA.
DIK GUSTIZZJA TA GONZIPN.
TA DIN IL -POPLU MALTI U GHAWDXI IRRID JIGUDIKA LIL -KAP TAL-PARTIT NAZZJONALUSTA GONZIPN FUQ EMIJLU.
Marie Benoit
- Fri 17-Aug-2012, 23:30I pay my domestic help Euros 6 and hour. Most people I know do. Physiotherapists, after 4 years study and even with 10 years solid experience abroad, are offered Euros 6 or 7 an hour at Mater Dei and private clinics. An insult. But unless you work in a hospital first, where there are consultants, there is little hope of getting private patients. The average Maltese manages to live by working at 2 or 3 jobs and by making frugality a way of life. Most organisations pay a few people at the top a decent salary and one of their jobs is to keep the others from asking for better pay. This has become a take it or leave it society. Look around you. The place is full of Eastern Europeans who are happy to accept even less than minimum wage for what they do. They would rather be here, most of them women looking for a husband, than in their own often bleak and cold countries. The average Maltese worker has lost his/her rights.
ganni
- Fri 17-Aug-2012, 23:09@ BETTER FUTURE
Naf li hawn konsulenti li jithanzru fuq li jithanzru, imma li n-Nutar jigi jghid li l-medja hi 'l fuq minn 11 il-ewro s-siegha hi farsa fahxija. Mhux ta' b'xejn hawn min ma tantx jaffetwah l-oghli tat-tariffi tad-dawl u ta' l-ilma, il-fuel u servizzi essenzjali ohra.
D.Farrugia
- Fri 17-Aug-2012, 23:08This is another big fat lie.The managerial posts and those with a bachelor university degree get that rate otherwise it's less than half stated.The most common pay is around 5-6euro an hour.
Donna Parnis
- Fri 17-Aug-2012, 19:41I think you are very mistaken here, The average wage of most maltese workers is around 4euro per hour. I wish my husband was on 11 euro per hour, we would be laughing not struggling like most people.
BETTER FUTURE
- Fri 17-Aug-2012, 17:58Ganni, some Government professional(??)consultants are on anything between € 60 and €400 PER HOUR!! Inform yourself ruhi!
Il-Verita'
- Fri 17-Aug-2012, 17:1811 euros an hour will translate to a 23,000 euros annual pay. Who earns such salaries? The average hourly rate of around 70% of Maltese earn 4 to 5 euros an hour. The hourly average is increased to 11 euros an hour because statistics include salaries of those who are paid extremely well including those who are attached with the financial sectors, e-gaming and tal-Klikka who may receive three salaries. So there is only a small percentage of Maltese who earn close to the 11 euros an hour let alone the European average of 27 euros an hour.
ganni
- Fri 17-Aug-2012, 16:11Min ghandu 11 il-euro s-siegha?
Inthom bis-serjeta jew tridu titnejku bin-nies?
f.bugelli
- Fri 17-Aug-2012, 15:09another false statistic.11.90 euro my boot!!!ask arriva workers,security workers,airtransport workers,etc etc.it is around 4/5 euros per hour.get your facts right please!!!
Emmanuel
- Fri 17-Aug-2012, 14:46Din bi serjeta ta 11euro an hour kieku tajjeb . U haluna
M Buhagiar
- Fri 17-Aug-2012, 14:33i wish i had 11 euro an hour!
H Galea
- Fri 17-Aug-2012, 14:17Hon Cassar, knows how to get his refunds, by making us wait five minutes on the phone, every time we call the PLOYC, no matter at what time of the day or night, ''THE Operator is busy''
H Galea
- Fri 17-Aug-2012, 14:07Even supermarkets are feeling the pinch, they are playing with the price tags, by trying to take the customers for a ride.BUT in malta every thing is permitted. We have the consumers care but it's useless, knowing that such abuse is on, and no action to remove this abuse.
Charles J Buttigieg
- Fri 17-Aug-2012, 13:50The average wage has no true bearing of what the majority of workers are taking home. Our minimum wage is a meager €3.95 per hour. A far cry from the average of €11.9 .