E35: Wages, Prices, Inflation

Statistically Insignificant

If the cost of things is increasing faster than your wages, where is that money going?

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References

Stanford, J. (2023) 'Profit-Price Spiral: The Truth Behind Australia's Inflation', The Australia Institute, Centre for Future Work.

Australian Bureau of Statistics. (2022, December). Wage Price Index, Australia. ABS. https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/wage-price-index-australia/latest-release.

Australian Bureau of Statistics. (2022, December). Wage Price Index, Australia methodology. ABS. https://www.abs.gov.au/methodologies/wage-price-index-australia-methodology/dec-2022.

Australian Bureau of Statistics. (2012). Wage Price Index: Concepts, Sources and Methods. ABS. https://www.abs.gov.au/statistics/detailed-methodology-information/concepts-sources-methods/wage-price-index-concepts-sources-and-methods/2012.

Australian Bureau of Statistics. (2022, December). Producer Price Indexes, Australia. ABS. https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/producer-price-indexes-australia/latest-release.

Australian Bureau of Statistics. (2022, December). Producer Price Indexes, Australia methodology. ABS. https://www.abs.gov.au/methodologies/producer-price-indexes-australia-methodology/dec-2022.

The video version of this episode is at https://youtu.be/3Bxx4Pcv2Ls

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