Análisis del poder adquisitivo de los asalariados desde la entrada en circulación del euro

The article presents a study of the purchasing power of wages in the Spanish economy during the last decade. We distinguish between purchasing power and the investment power, and we build an indicator of total purchasing power of salaries. The study is developped by NACE activity sections and COICOP classification. We take into account the influence of the net job creation in each section on the average total salary. The article analyses which goods and services have become more expensive for the employees of each sector. We conclude that although the purchasing power has remained constant on average, the total purchasing power has fallen sharply as a result of the increase in the average annual value of mortgages on homes.