Methods and standards / Concept Glossary / Labour cost index (LCI)

Concept selected: Labour cost index (LCI)

Definition

The labour cost index (LCI) is defined as the Laspeyres index of labour costs per hour worked, chain linked annually and based upon a fixed structure of economic activity at NACE Rev.1 section level.

Source

Regulation (EC) No 450/2003 of the European Parliament and of the Council of 27 February 2003 concerning the labour cost index More information

Topic

Statistical operations

(links to the Inventory of Statistical Operations)

Concepts associated



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