Indexes of Average Daily Wage Rates (Including Fringe Benefits) în Manufacturing Industry, 1971-1976 Table 8 38
Old Index (Mar 1964-100)
New Index (Jul 1973-Jun 1974-100)
Nominal
% change on previous index
Real*
% change on previous index
% change on
%% change on
Nominal
Real*
previous index
previous index
1971 Mar
195
7.7
147
5.8
Sep
206
5.6
153
4.1
1972 Mar
215
4.4
158
3.3
Sep
227
5.6
158
0.0
1973 Mar
245
7.9
163
3.2
Sep
259
5.7
149
-8.6
1974 Mar
265
2.3
143
-4.0
101
100
Sep
265
0.0
136
4.9
102
1.0
96
-4.0
1975 Mar
260
-1.9
133
-2.2
101
-1.0
95
-1.0
Sep
274
5.4
139
4.5
105
4.0
98
3.2
•
1976 Mar
302
Sep
317
C
10.2
152
9.4
116
10.5
107
9.2
5.0
155
2.0
122
5.2
109
1.9
* Real (old) Index is obtained by deflating Nominal Index (old) by the Modified Consumer Price Index; Real Index (new) is obtained by deflating Nominal Index (new)
by the New Consumer Price Index (A). Six-monthly averages of price indexes up to and including the month indicated were used. † New Index has a wider coverage of industry sectors than the Old Index.
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