Monitor the NZ Labor Cost Index q/q to gauge potential inflation shifts as businesses adjust wages.
This serves as a key indicator of consumer inflation; when businesses incur higher labor costs, they typically pass these expenses onto consumers.
What it Measures
It tracks changes in the cost of labor, excluding overtime pay.
Usual Effect
'Actual' figures exceeding 'Forecast' are generally favorable for the currency.
Source & Frequency
Statistics New Zealand (latest release) - https://www.stats.govt.nz/ • Data is published quarterly, approximately 35 days after the end of the quarter.
How Data is Derived
N/A
Also Known As
Private Sector Labor Costs
Acronym
N/A