New Zealand's annual wage inflation, as measured by the labor cost index in the private sector, grew by 3.4 percent in the second quarter of 2022, quickening from a 3.1 percent rise in the prior period. It was the steepest increase in wages since late-2008. On a quarterly basis, wages increased 1.3 percent, following a 0.7 percent increase in the previous quarter. source: Statistics New Zealand
Labour Costs in New Zealand averaged 957.99 points from 1992 until 2022, reaching an all time high of 1291 points in the second quarter of 2022 and a record low of 706.43 points in the fourth quarter of 1992. This page provides - New Zealand Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Labour Costs - data, historical chart, forecasts and calendar of releases - was last updated on September of 2022.
Labour Costs in New Zealand is expected to be 1265.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Labour Costs is projected to trend around 1295.00 points in 2023, according to our econometric models.