Wage, salary earners’ real earnings slide by 4.6% in Q2

The increase of the price of essentials reduced the real earnings of wage and salary earners in the second quarter of this year.

The index of wage and salary earnings, which measures the rise in the nominal earnings of full-time wage and salary earners, rose by 2.0 per cent in April to June 2022 when compared with the respective period in 2021, according to Statistics Finland.

Real earnings, however, was decreased by 4.6 per cent compared to the second quarter of the previous year.

The real earnings deceased because the rise in consumer prices was faster than that in earnings level.