Labour Cost Index in New Zealand

Estadistica Nueva Zelanda · Quarterly · Importance 75

1,273.1 (Q2-26) ABS · indice · Trimestral · CSV

Period	indice
Jun 2026	1,273.1
Mar 2026	1,265.3
Dec 2025	1,259.2
Sep 2025	1,253.9
Jun 2025	1,248.7
Mar 2025	1,240.8
Dec 2024	1,234.7
Sep 2024	1,227.7
Jun 2024	1,219.9
Mar 2024	1,205.9
Dec 2023	1,196.3
Sep 2023	1,184.1
Jun 2023	1,170.2
Mar 2023	1,157.9
Dec 2022	1,146.6
Sep 2022	1,134.4
Jun 2022	1,122.2
Mar 2022	1,109.9
Dec 2021	1,101.2
Sep 2021	1,094.2
Jun 2021	1,085.5
Mar 2021	1,077.7
Dec 2020	1,073.3
Sep 2020	1,068.9
Jun 2020	1,062.8
Mar 2020	1,060.2
Dec 2019	1,056.7
Sep 2019	1,048.9
Jun 2019	1,041.0
Mar 2019	1,034.0
Dec 2018	1,029.7
Sep 2018	1,024.4
Jun 2018	1,019.2
Mar 2018	1,014.0
Dec 2017	1,010.5
Sep 2017	1,006.1
Jun 2017	1,000.0
Mar 2017	995.6
Dec 2016	992.1
Sep 2016	987.8
Jun 2016	983.4
Mar 2016	979.9
Dec 2015	976.4
Sep 2015	972.1
Jun 2015	968.6
Mar 2015	964.2
Dec 2014	961.6
Sep 2014	956.4
Jun 2014	952.9
Mar 2014	948.5
Dec 2013	945.0
Sep 2013	941.5
Jun 2013	937.2
Mar 2013	933.7
Dec 2012	930.2
Sep 2012	925.8
Jun 2012	921.5
Mar 2012	918.0
Dec 2011	913.6
Sep 2011	908.4

Period	%
Jun 2026	0.6%
Mar 2026	0.5%
Dec 2025	0.4%
Sep 2025	0.4%
Jun 2025	0.6%
Mar 2025	0.5%
Dec 2024	0.6%
Sep 2024	0.6%
Jun 2024	1.2%
Mar 2024	0.8%
Dec 2023	1.0%
Sep 2023	1.2%
Jun 2023	1.1%
Mar 2023	1.0%
Dec 2022	1.1%
Sep 2022	1.1%
Jun 2022	1.1%
Mar 2022	0.8%
Dec 2021	0.6%
Sep 2021	0.8%
Jun 2021	0.7%
Mar 2021	0.4%
Dec 2020	0.4%
Sep 2020	0.6%
Jun 2020	0.3%
Mar 2020	0.3%
Dec 2019	0.8%
Sep 2019	0.8%
Jun 2019	0.7%
Mar 2019	0.4%
Dec 2018	0.5%
Sep 2018	0.5%
Jun 2018	0.5%
Mar 2018	0.4%
Dec 2017	0.4%
Sep 2017	0.6%
Jun 2017	0.4%
Mar 2017	0.4%
Dec 2016	0.4%
Sep 2016	0.4%
Jun 2016	0.4%
Mar 2016	0.4%
Dec 2015	0.5%
Sep 2015	0.4%
Jun 2015	0.5%
Mar 2015	0.3%
Dec 2014	0.6%
Sep 2014	0.4%
Jun 2014	0.5%
Mar 2014	0.4%
Dec 2013	0.4%
Sep 2013	0.5%
Jun 2013	0.4%
Mar 2013	0.4%
Dec 2012	0.5%
Sep 2012	0.5%
Jun 2012	0.4%
Mar 2012	0.5%
Dec 2011	0.6%
Sep 2011	0.6%

Period	%
Jun 2026	2.0%
Mar 2026	2.0%
Dec 2025	2.0%
Sep 2025	2.1%
Jun 2025	2.4%
Mar 2025	2.9%
Dec 2024	3.2%
Sep 2024	3.7%
Jun 2024	4.3%
Mar 2024	4.1%
Dec 2023	4.3%
Sep 2023	4.4%
Jun 2023	4.3%
Mar 2023	4.3%
Dec 2022	4.1%
Sep 2022	3.7%
Jun 2022	3.4%
Mar 2022	3.0%
Dec 2021	2.6%
Sep 2021	2.4%
Jun 2021	2.1%
Mar 2021	1.7%
Dec 2020	1.6%
Sep 2020	1.9%
Jun 2020	2.1%
Mar 2020	2.5%
Dec 2019	2.6%
Sep 2019	2.4%
Jun 2019	2.1%
Mar 2019	2.0%
Dec 2018	1.9%
Sep 2018	1.8%
Jun 2018	1.9%
Mar 2018	1.8%
Dec 2017	1.9%
Sep 2017	1.9%
Jun 2017	1.7%
Mar 2017	1.6%
Dec 2016	1.6%
Sep 2016	1.6%
Jun 2016	1.5%
Mar 2016	1.6%
Dec 2015	1.5%
Sep 2015	1.6%
Jun 2015	1.7%
Mar 2015	1.7%
Dec 2014	1.8%
Sep 2014	1.6%
Jun 2014	1.7%
Mar 2014	1.6%
Dec 2013	1.6%
Sep 2013	1.7%
Jun 2013	1.7%
Mar 2013	1.7%
Dec 2012	1.8%
Sep 2012	1.9%
Jun 2012	2.0%
Mar 2012	2.0%
Dec 2011	2.1%
Sep 2011	2.0%

About this indicator

Source	Statistics New Zealand (Stats NZ)
Frequency	Quarterly
Release	Alrededor de 5 semanas tras el cierre del trimestre, dentro del release 'Labour market statistics' (10:45 hora NZ)
What it is	New Zealand's Labour Cost Index (LCI) measures the change in salary and wage rates for a fixed quantity and quality of work, stripping out the effect of the changing composition of employment. It is published by Stats NZ and is the wage-inflation gauge watched by the Reserve Bank of New Zealand (RBNZ).
How it's calculated	Stats NZ surveys a fixed sample of jobs each quarter (all sectors and occupations) and computes the salary and wage rates index, publishing its quarter-on-quarter (QoQ) and year-on-year (YoY) changes.
Market implications	A high LCI signals wage-inflation pressures that may lead the RBNZ to hold or raise rates; a low LCI gives room to cut. By isolating the composition effect it is a more reliable measure of pure inflationary pressure than average earnings, so a strong print tends to support the New Zealand dollar (NZD).
Limitations	It is a quarterly series with minor revisions. It does not capture bonuses or variable payments, only contractual salary and wage rates, so it can understate actual pay when bonuses are significant.