Wage and salary earners' earnings rose by 3.0 per cent in April-June

According to preliminary data of Statistics Finland, the nominal earnings of wage and salary earners rose by 3.0 per cent in April-June 2011 when compared with the respective period in 2010. Real earnings fell by 0.3 per cent compared with the second quarter of the previous year, because the rise in consumer prices was faster than that in earnings level in the second quarter of 2011.

Year-on-year changes in index of wage and salary earnings 2000/1–2011/2, per cent

During the period from April-June 2010 to the respective period in 2011 the nominal earnings of wage and salary earners rose in the central government sector by 3.1 per cent, in the private sector by 3.1 per cent and in the local government sector by 2.8 per cent.

Wage and salary earners' regular earnings increased by 2.9 per cent in April-June

According to preliminary data of Statistics Finland, wage and salary earners' regular earnings rose by 2.9 per cent in April-June 2011 when compared with the respective period in 2010. During the period from April-June 2010 to the respective period in 2011 the regular earnings of wage and salary earners rose in the central government sector by 3.1 per cent, in the private sector by 3.1 per cent and in the local government sector by 2.4 per cent.

Wage and salary earners' regular earnings refer to earnings for regular working hours exclusive of performance-based bonuses and other irregularly paid one-off items.

Wage and salary earners' earnings in July-September 3.0 per cent higher than in the previous year

According to preliminary data of Statistics Finland, the nominal earnings of wage and salary earners rose by 3.0 per cent in July-September 2011 when compared with the respective period in 2010. According to preliminary data, the index of wage and salary earnings 2005=100 for the third quarter of 2011 is 123.5.

Statistics Finland compiles the preliminary data of the index of wage and salary earnings for the third quarter on the basis of the Employees Pensions Act (2006/395).

Index of wage and salary earnings and index of regular earnings are final as far as the year 2010

The indices are final as far as the year 2010 and they are based on final wage statistics. The indices for 2011 are still preliminary. They are mostly based on the effects of agreements and the wage drift.

Source: Index of wage and salary earnings 2011, 2nd quarter. Statistics Finland

Inquiries: Annina Rouvinen (09) 1734 3246, Harri Nummila (09) 1734 3235, palkat.indeksit@stat.fi

Director in charge: Kari Molnar

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Index of wage and salary earnings

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Updated 24.8.2011

Referencing instructions:

Official Statistics of Finland (OSF): Index of wage and salary earnings [e-publication].
ISSN=1798-7814. 2nd quarter 2011. Helsinki: Statistics Finland [referred: 20.5.2013].
Access method: http://www.stat.fi/til/ati/2011/02/ati_2011_02_2011-08-24_tie_001_en.html.

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