Labour Price Index, Australia (cat. no. 6345.0) previously Wage Cost Index, Australia (cat. no. 6345.0)
The ABS has produced quarterly wage price indexes since September 1997. Non-wage price indexes and labour price indexes were published for the first time in the September 2004 edition of Labour Price Index, Australia ( cat. no. 6345.0) charges apply, released in November 2004.
The non-wage price indexes include annual and public holiday leave, employer funded superannuation, payroll tax, and workers' compensation. Like the wage price indexes, the non-wage price indexes are Laspeyres-type price indexes, which measure changes in the price of labour using fixed weights. The price changes recorded are unaffected by changes in the quality and quantity of the work performed.
The Labour Price Index is constructed by combining the individual wage and non-wage components. Two versions of the Labour Price Index are produced, one excluding bonuses and the other including them.
The new indexes are all financial year indexes. They will be published annually in November, as part of the September quarter Labour Price Index publication. In November 2004, data for three financial years was released; 2001-02, 2002-03 and 2003-04. The wage price indexes will continue to be published quarterly as in the past.
For further information contact Tim Landrigan on (08) 9360 5170 or email: tim.landrigan@abs.gov.au
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