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Work, wages and livelihoodWage and salary earners’ real earnings decreased by 4.8 per cent in July to September
release | Index of wage and salary earnings 2022, 3rd quarterChange
The database tables of the index of wage and salary earnings have been updated. The index of real wage and salary earnings has been added to the tables as a new variable.
Read more about the changeAccording to Statistics Finland’s preliminary data, the index of wage and salary earnings, which measures the rise in the nominal earnings of full-time wage and salary earners, rose by 2.7 per cent in July to September 2022 when compared with the respective period in 2021. Real earnings decreased by 4.8 per cent compared to the third quarter of the previous year because the rise in consumer prices was faster than that in the earnings level.
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- The index of wage and salary earnings describing the nominal earnings of full-time wage and salary earners rose by 2.7 per cent in July to September 2022 when compared with the respective period of the year before.
- In the private sector, the nominal earnings of wage and salary earners rose by 2.9 per cent, in the central government sector by 2.4 per cent and in the local government sector by 2.3 per cent.
- The index describing the regular earnings of full-time wage and salary earners rose by 2.5 per cent.
- By contrast, the real earnings of wage and salary earners fell by 4.8 per cent because the rise in consumer prices was considerably faster.
- Real earnings have fallen during 2022 to the level where they were eight years ago.
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Updated database tables
Classifications used:
- Standard Industrial Classification TOL 2008
- Base of payment
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- Standard Industrial Classification TOL 2008
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- Gender
- Employer sector
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palkat.indeksit@stat.fiJukka Tapio
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