Labor Cost Index q/q indicates changes in the labor costs paid by employers during the given quarter compared to the previous one. It is calculated as the ratio of a single employee labor cost to labor productivity (defined as GDP per one employed person). The indicator allows evaluating inflation and forecasting the growth in consumer spending.
New Zealand Labor Cost Index q/q
Last release
03 Feb 2026 21:45 GMT
Actual
0.4%
Forecast
0.5%
Previous
0.5%
Next release
05 May 2026 22:45 GMT
Actual
Coming in 7 days
Forecast
0.4%
Previous
0.4%
Date (GMT)
Reference
Actual
Forecast
Previous
03 Feb 2026
4 Q 2025
0.4%
0.5%
0.5%
04 Nov 2025
3 Q 2025
0.5%
0.3%
0.6%
05 Aug 2025
2 Q 2025
0.6%
0.5%
0.4%
06 May 2025
1 Q 2025
0.4%
0.6%
0.6%
04 Feb 2025
4 Q 2024
0.6%
0.8%
0.6%
05 Nov 2024
3 Q 2024
0.6%
0.9%
0.9%
06 Aug 2024
2 Q 2024
0.9%
0.9%
0.8%
30 Apr 2024
1 Q 2024
0.8%
0.9%
1.0%
06 Feb 2024
4 Q 2023
1.0%
1.0%
0.8%
31 Oct 2023
3 Q 2023
0.8%
1.0%
1.1%
01 Aug 2023
2 Q 2023
1.1%
1.0%
0.9%
02 May 2023
1 Q 2023
0.9%
1.2%
1.1%
31 Jan 2023
4 Q 2022
1.1%
1.3%
1.1%
01 Nov 2022
3 Q 2022
1.1%
0.6%
1.3%
02 Aug 2022
2 Q 2022
1.3%
0.6%
0.7%
03 May 2022
1 Q 2022
0.7%
0.5%
0.7%
01 Feb 2022
4 Q 2021
0.7%
0.6%
0.7%
02 Nov 2021
3 Q 2021
0.7%
0.5%
0.9%
03 Aug 2021
2 Q 2021
0.9%
0.5%
0.4%
04 May 2021
1 Q 2021
0.4%
0.5%
0.5%