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Supply Factors: Wage Price Index

The wage price index is a measure of the increase in wage costs for businesses.  As wage pressures increase, this figure will be higher, suggesting that business costs are increasing.  As a result, at this time we would expect to see pressure on aggregate supply in this country.

The wage price index is made available on the Reserve Bank's website.

Year Wage Price Index (%)
2005/05 4.1
2005/06 4.2
2006/07 4.0
2007/08 4.2
2008/09 3.8

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