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Wages
Following the changes in workers wages is an important factor to overall inflation. As salaries increase, consumers spend more, and thereby exert upward pressure on retail prices. Higher wages also improve consumer sentiment and bolster overall economic growth.
Main Indicator: Labor Costs q/q
Most Recent Release
|
Actual | Forecast | Previous | Revised Form | |
| 0.7% | 0.7% | 1.1% | N/A | ||
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1st Quarter
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Table of Past Data
| 11/4 | 2/4 | 5/4 | |||||||||
| Actual | 0.9% | 1.1% | 0.7% | ||||||||
| Forecast | 0.8% | 0.9% | 0.7% | ||||||||
| Previous | 0.8% | 0.9% | 1.1% | ||||||||
| Revised From | N/A | N/A | N/A | ||||||||
Past Releases
|
Actual | Forecast | Previous | Revised Form | |
| 1.1% | 0.9% | 0.9% | N/A | ||
|
4th Quarter
Labor Costs y/y: 3.4% In the year to the December 2007 quarter salary and wages (including overtime) increased 3.4%. For the quarter, labor costs increased 1.1%. The finance and insurance industries saw a higher growth rate of 6.3%. |
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|
Actual | Forecast | Previous | Revised Form | |
| 0.9% | 0.8% | 0.8% | N/A | ||
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For 3rd Quarter Higher than expected wage inflation is not alarming since there is a shortage of workers. |
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