Wage and salary earners’ real earnings decreased by 2.7 per cent in January-March

According 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 2.1 per cent in January to March 2022 when compared with the respective period in 2021. Real earnings decreased by 2,7 per cent compared to the first quarter of the previous year because the rise in consumer prices was faster than that in earnings level.