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The indicator measures quarterly changes in Australian wages. The Labour Price index includes wages, benefits to employees, health care expenses, pensions and benefits mandated by the government (social security, unemployment benefits and free medical care). When the cost of free medical care increases, LPI is among the first indicators that reflect the rise in inflation (in addition to traditional inflation indicators).
- Release Frequency: quarterly.
- Release Schedule: 01:30 GMT.
- Source: Australian Bureau of Statistics.