Negotiated standard wage rate index
The negotiated standard wage rate index 06 (base: annual average 2006 = 100) measures the development of minimum wages in Austria. This index is an important gauge for wage bargaining. Together with other measures for wage and price developments, it is a key, up-to-date economic indicator.
The index base is 2006 = 100 (as of January 2007).
The chaining factor with the index 1986 = 100: Negotiated Standard Wage Index total: 1,888; white collar workers: 1,928; blue collar workers: 1,992 and public sector employees: 1,687.
For further details see the German documentation
Statistics Austria, OeNB.
Negotiated standard wage rate index, wages.