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Thursday, 06 October, 2022
Home BUSINESSSalary earnings up by 1.1% in Q4
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Fri, 05 Feb, 2016 12:10:15 AM
FTimes Report, Feb 5
 
Year-on-year changes in index of wage and salary earnings 2000/1–2015/4, per cent. Source: Index of wage and salary earnings 2015, 4th quarter. Statistics Finland.
The nominal earnings of wage and salary earners rose by 1.1 per cent in October–December 2015 when compared to the respective period of the year before, according to Statistics Finland’s preliminary data.
 
Real earnings rose by 1.3 per cent compared with the fourth quarter in 2014.
 
The rising of real earnings was affected by falling consumer prices. Inflation was negative in the fourth quarter in 2015.
 
During the period from October–December 2014 to the respective period in 2015 the nominal earnings of wage and salary earners rose in the private sector by 1.2 per cent, in the central government sector by 1.2 per cent and in the local government sector by 0.7 per cent, the data show.
 
Compared to the year before, the average increase in the level of earnings during 2015 was 1.2 per cent, whereas the increase in real earnings was 1.4 per cent.
 
Wage and salary earners' regular earnings rose by 1.0 per cent in the fourth quarter of 2015 when compared to the respective period in 2014.
 
The increase was 1.1 per cent in the private sector, 1.2 per cent in the central government sector and 0.7 per cent in the local government sector.
 
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