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Private sector cost of an hour worked increased by 2.6 per cent in January to March 2022

Release related to topics:EnterprisesWork, wages and livelihood
release | Labour cost index 2022, 1st quarter

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.

Key selections

  • The costs of an hour worked grew by 2.6 per cent in the private sector, by 4.7 per cent
    in the local government sector and by 1.9 per cent in the central government
    sector in the January to March period of 2022.
  • Of private sector industries, costs rose most, by 5.8 per cent, in the forest industry.
  • Costs fell in information and communication by 2.0 per cent in the first quarter of 2022.
  • In all sectors, the rise in costs is mainly caused by an increase in wages and
    salaries subject to preliminary withholding tax.
  • In the local government sector, the growth in costs is also explained by the decrease in the number of hours worked.

Tables

See key statistical data in the tables.

Labour costs, index points 2020Q1-2022Q1

Labour costs, annual change percentages 2020Q1-2022Q1

Data revisions

See key statistical data in the tables.

Revisions to the original labour cost index, year-on-year-change

Revisions to the seasonally adjusted labour cost index, year-on-year-change

Database tables

Pick the data you need into tables, view the data as graphs, or download the data for your use.

Updated database tables
123m
Classifications used:
  • Industry (TOL 2008)
Statistics:
Updated:
123l
Classifications used:
  • Industry (TOL 2008)
Statistics:
Updated:
123n
Classifications used:
  • Industry (TOL 2008)
Statistics:
Updated:
123p
Classifications used:
  • Industry (TOL 2008)
Statistics:
Updated:
123q
Classifications used:
    Statistics:
    Updated:
    123r
    Classifications used:
      Statistics:
      Updated:

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      Documentation

      Description of the production, used methods and quality of the statistics.

      Go to documentation of the statistics

      Referencing instructions

      Official Statistics of Finland (OSF): Labour cost index [online publication].
      Reference period: 2022, 1st quarter. ISSN=1798-3746. Helsinki: Statistics Finland [Referenced: 29.4.2025].
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      Statistical experts

      Inquiries primarily

      Service email
      tvkindeksi@stat.fi
      Pekka Haapala
      Planning Officer
      029 551 3460

      Other experts

      Tuomas Lahti
      Senior Statistician
      029 551 3299
      Katri Lepikkö
      Senior Statistician
      029 551 3223
      Antti Saarinen
      Senior Statistician
      029 551 3551

      Head of Department in charge

      Hannele Orjala
      Head of Department in charge
      029 551 3582