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1367.0 - State and Territory Statistical Indicators, 2012  
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 24/02/2012  Final
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Graph Image for Labour Price Index, Annual Change, All Sectors, Victoria and Australia

Graph Image for Labour Price Index, Annual Change, Public and Private, Victoria

  • The annual increase (Original) in the Labour Price Index (LPI) for Victoria from December 2010 to December 2011 was 3.6%, lower than the national increase (3.7%) over the same period.
  • The annual increase from December 2010 to December 2011 was 3.8% for the private sector and 2.5% for the public sector.
  • In the December quarter 2011, the LPI for Victoria increased by 0.9%, equal to the national quarterly increase (0.9%).
  • In the December quarter 2011, the private and public sectors in Victoria recorded quarterly increases of 1.0% and 0.6% respectively.

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What is the Labour Price Index?

The Labour Price Index (LPI) measures the price of labour services and reflects change in wages and salaries over time. Change is measured relative to the base year, 2008-09, for which the figure is set to 100.

Wage data are collected quarterly from a random sample of 4,800 businesses on the Australian Business Register, which is stratified by state, industry, sector and business size. The LPI collects data related to 20,000 jobs nationally. For more information, refer to Labour Price Index: Concepts, Sources and Methods, 2004.

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