In Tasmania during the five years to June 2004, the difference between annual percentage changes in the June quarter average weekly ordinary time earnings by full-time employees and annual percentage changes in the June quarter Hobart Consumer Price Index (CPI) has fluctuated. While there has been a 0.5% overall increase in real wages during the five year period, 2001 and 2004 recorded decreases of 2.8% and 1.2% respectively.
CHANGES IN REAL WAGES, Tasmania
(a) Full-time adult employees, trend series.
(b) June data relates to May survey dates as published in Average Weekly Earnings, Australia (cat. no. 6302.0).
(c) Annual percentage changes from the corresponding quarter of the previous year.
(d) Calculated by subtracting the Consumer Price Index figure from the average weekly ordinary time earnings figure. A positive figure means an increase in real wages.
Source: Average Weekly Earnings, Australia (cat. no. 6302.0); and Consumer Price Index, Australia (cat. no. 6401.0).