Abstract
This brief paper is intended to share information and insight into the Consumer Price Index (CPI) and Wage Price Index (WPI) in the context of human services funding indexation. The measurements and methods of calculation for the CPI and WPI are outlined in accordance with the national statistical agency, the Australian Bureau of Statistics (ABS).
The use and relevance of these indexes based on their development is examined with respect to the calculation of funding indexation for Australia’s human services system. As many Australian states and territories use one or both indexes in state government human services indexation calculations, understanding these indices provides an important insight into the inappropriateness of their use for this purpose. The application of these indices appears reasonable at first glance. However, these two indices are inappropriate to the purpose to which they are applied.
Should readers require additional information, have any queries or comments, please contact the authors directly.
The use and relevance of these indexes based on their development is examined with respect to the calculation of funding indexation for Australia’s human services system. As many Australian states and territories use one or both indexes in state government human services indexation calculations, understanding these indices provides an important insight into the inappropriateness of their use for this purpose. The application of these indices appears reasonable at first glance. However, these two indices are inappropriate to the purpose to which they are applied.
Should readers require additional information, have any queries or comments, please contact the authors directly.
| Original language | English |
|---|---|
| Publisher | UWA Centre for Public Value |
| ISBN (Electronic) | 978-0-6455967-6-2 |
| Publication status | Published - 18 Apr 2023 |
Publication series
| Name | Human Services Economics Papers Series |
|---|---|
| Publisher | UWA Centre for Public Value |
| No. | 2 |