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Real incomes in Finland fall


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Tuesday, 28 June 2011
Finnish consumers' real income is expected to fall this year because of rising prices.
According to calculations from the Finnish treasury, salaries and incomes have stagnated to the same level as last year against expectations that incomes where to increase by 2.6 percent.
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While real incomes are still falling, inflation is also biting, increasing by 3.4 percent. The rise in consumer prices is primarily due to higher commodity prices and the increase in direct taxes.
As employment rises, workers' total purchasing power increased by 0.6 percent this year. Last year, purchasing power rose by 1 percent.
By Scancomark.se Team

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