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Labour cost index

Official Statistics of Finland (OSF)
The Labour Cost Index measures the quarterly change in average labour costs for hour worked in the private, central government and local government sectors. The data are collected from different sources and published quarterly.

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Statistics Finland

Releases

According to Statistics Finland, private sector labour costs increased by 2.6 per cent in January to March 2022 when compared with the respective period of the year before. Seasonally adjusted labour costs went up by 3.1 per cent. There was one more working day in the first quarter of 2022 than in the corresponding period of 2021. In the labour cost index, an increase in the number of working days usually has a decreasing effect on costs.

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release | Labour cost index 2022, 1st quarter

Future releases

Figures

See key statistical data in the figures.
09.06.2022

Year-on-year change in labour costs in the private sector from the corresponding quarter of the previous year

Year-on-year change in labour costs in the private sector from the corresponding quarter of the previous year. Data on the figure are available from the table below the figure.
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Year-on-year change of the labour cost index (2016=100), %Year-on-year change of the seasonally adjusted labour cost index (2016=100), %
2008Q16.34.5
2008Q22.13.5
2008Q33.03.2
2008Q43.53.9
2009Q12.43.9
2009Q28.86.5
2009Q35.05.0
2009Q40.81.4
2010Q13.73.1
2010Q2-0.00.3
2010Q30.80.9
2010Q42.32.4
2011Q11.21.8
2011Q22.61.7
2011Q32.62.8
2011Q44.03.8
2012Q13.03.3
2012Q25.95.3
2012Q34.64.9
2012Q44.64.4
2013Q13.72.3
2013Q21.72.9
2013Q30.91.3
2013Q40.91.0
2014Q11.72.9
2014Q22.60.9
2014Q30.91.1
2014Q40.91.1
2015Q11.81.4
2015Q21.81.9
2015Q31.21.2
2015Q40.80.8
2016Q11.60.4
2016Q2-2.5-1.1
2016Q32.11.9
2016Q41.51.1
2017Q1-2.5-0.9
2017Q21.5-0.1
2017Q3-2.6-1.9
2017Q4-0.3-0.4
2018Q12.41.0
2018Q21.32.4
2018Q31.31.7
2018Q41.11.2
2019Q10.31.5
2019Q21.30.2
2019Q30.20.6
2019Q41.51.6
2020Q10.70.2
2020Q20.40.7
2020Q30.41.0
2020Q4-1.2-0.0
2021Q13.32.5
2021Q22.92.9
2021Q34.23.5
2021Q44.03.7
2022Q12.63.1
09.06.2022

Labour cost index (2016=100) by industry

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