Date
GMT+01:00
Event Value
May, 13 02:30
★★
Wage Cost Index
Wage Cost Index
Country:
Date: May, 13 02:30
Importance: Medium
Previous: 0.8%; 3.4%
Forecast: 0.8%; 3.3%
Actual: -
Period: 1 quarter

Measures quarterly changes in Australian wages. Two versions of the Labor Price Index exist: one which includes bonuses, and one which excludes them. The Labor Price Index is similar to the US Employment Cost Index, an early indicator of wages pressure on inflation. An increase in the index suggests rising inflation pressures because firms tend to eventually pass higher labor costs onto consumers in the form of higher prices.

The headline figure is the quarterly percentage change in the Labor Price Index.

Technical note: The index is constructed by combining 8 separate indexes. The 4 wage price indices are:
• ordinary time hourly rates of pay excluding bonuses index
• ordinary time hourly rates of pay including bonuses index
• total hourly rates of pay excluding bonuses index
• total hourly rates of pay including bonuses index

The 4 non-wage price indices are:
• annual and public holiday leave
• superannuation
• payroll tax
• workers' compensation

0.8%; 3.4%
May, 13 04:00
★★
Expected Annual Inflation 2y from now
Expected Annual Inflation 2y from now
Country:
Date: May, 13 04:00
Importance: Medium
Previous: 2.37%
Forecast: -
Actual: -
Period: 1 quarter
Expectations of future inflation can manifest into real inflation, primarily because workers tend to push for higher wages when they believe prices will rise.
2.37%
May, 13 06:00
Economy Watchers Survey
Economy Watchers Survey
Country:
Date: May, 13 06:00
Importance: Low
Previous: 42.2; 38.7
Forecast: 41.7
Actual: -
Period: Apr

The Economy Watchers Survey asks business-cycle sensitive workers their thoughts on existing and future economic conditions, giving a detailed picture of economic trends in Japan . The survey is based on questionnaires from 'man on the street' sectors that are particularly vulnerable to business cycle turns. These segments of the economy include sectors such as retail, restaurant service and taxi driving. With this combined data the Japanese Eco Watchers report serves as both a consumer confidence indicator and a leading indicator for the rest of the economy. The report is usually released less than two weeks after the reporting month, thus its statistics are usually very timely. The headline number is released where 50 represents the center midpoint line of boom/bust sentiment.

42.2; 38.7
May, 13 07:00
Wholesale Price Index
Wholesale Price Index
Country:
Date: May, 13 07:00
Importance: Low
Previous: 2.7%; 4.1%
Forecast: 1.0%
Actual: -
Period: Apr

Measures changes in the prices paid by retailers for finished goods. Growth in wholesale prices usually precedes increases in retail prices, thus changes in Wholesale Prices can be used as an early indicator for inflation. While the CPI records price changes for retail goods, the WPI might pick up inflationary pressures before they reach the headline retail CPI report. The headline number is the percentage change in the index.

Note: WPI provides seasonally adjusted price changes to account for goods' seasonally volatility.

2.7%; 4.1%
May, 13 07:45
Consumer Price Index
Consumer Price Index
Country:
Date: May, 13 07:45
Importance: Low
Previous: 1.0%; 2.2%
Forecast: 1.0%; 2.2%
Actual: -
Period: Apr

Assesses changes in the cost of living by measuring changes in the prices of consumer items. The CPI is the headline inflation figure that indicates the strength of domestic inflationary pressures. Simply put, inflation reflects a decline in the purchasing power of the Euro in France , where each Euro buys fewer goods and services. CPI is the most popular way to measure changes in purchasing power. The report tracks changes in the price of a basket of goods and services that a typical French household might purchase. An increase in the index indicates that it takes more Euros to purchase the same set of basic consumer items.

1.0%; 2.2%
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