Income differentials narrowed and real income declined in 2022

According to Statistics Finland, income differentials narrowed in 2022 compared to the previous year. The real income of all income deciles decreased as a result of high inflation. The average income of the population in the lowest-income decile fell in real terms by 4.1 per cent and that of the highest-income decile by 5.9 per cent. The real income level of medium income earners (income deciles V to IX) was 3.0 per cent lower than in the previous year.