Supply Factors: Real Unit Labour Costs
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 (%) |
| 1998/9 |
3.1 |
| 1999/00 |
2.8 |
| 2000/01 |
3.7 |
| 2001/02 |
3.2 |
| 2002/03 |
3.6 |
| 2003/04 |
3.5 |
| 2004/05 |
4.2 |
| 2005/06 |
4.1 |
| 2006/07 |
4.0 |
| 2007/08 |
4.1 | |
 |
 | Current Page: Real Unit Labour Costs |  |
Unit 1
Statistics