Wage and salary earners' earnings rose by 3.0 per cent in October–December

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

Year-on-year changes in index of wage and salary earnings 2000/1–2011/4, per cent

During the period from October–December 2010 to the respective period in 2011 the nominal earnings of wage and salary earners rose in the private sector by 3.2 per cent, in the central government sector by 2.6 per cent and in the local government sector by 2.5 per cent.

Compared with the year before, the average increase in the level of earnings during 2011 was 2.7 per cent, whereas the decrease in real earnings was 0.6 per cent according to preliminary data.

Wage and salary earners' regular earnings increased by 2.9 per cent in October–December

According to preliminary data of Statistics Finland, wage and salary earners' regular earnings rose by 2.9 per cent in October–December 2011 when compared with the respective period in 2010. During the period from October–December 2010 to the respective period in 2011 the regular earnings of wage and salary earners rose in the private sector by 3.2 per cent, in the central government sector by 2.6 per cent and in the local government sector by 2.2 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.

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, 4th 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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Updated 3.2.2012

Referencing instructions:

Official Statistics of Finland (OSF): Index of wage and salary earnings [e-publication].
ISSN=1798-7814. 4th quarter 2011. Helsinki: Statistics Finland [referred: 25.5.2013].
Access method: http://www.stat.fi/til/ati/2011/04/ati_2011_04_2012-02-03_tie_001_en.html.

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