Forex Dictionary

Wage Price Index

Wage Price Index

Measures Change in the price businesses and the government pay for labor, excluding bonuses; Usual Effect Actual > Forecast = Good for currency; Frequency Released quarterly, about 45 days after the quarter ends; Next Release Nov 12, 2008 Why Traders Care It's a leading indicator of consumer inflation - when businesses pay more for labor the higher costs are usually passed on to the consumer; Also Called Wage Cost Index, Labour Price Index;