Cost-of-living index, data set includes measurements as well as changes to the previous month, monthly time series from January 1947

PERIOD: 1934-1938. SOURCE: [Statistics and reports of major countries].

PERIOD: August 1937 to December 1938. NOTE: (July 1937 = 100). SOURCE: [Survey by the Statistics Bureau, Imperial Cabinet].

When adjusted for inflation, the 2024 federal minimum wage in the United States is over 40 percent lower than the minimum wage in 1970. Although the real dollar minimum wage in 1970 was only 1.60 U.S. dollars, when expressed in nominal 2024 dollars this increases to 13.05 U.S. dollars. This is a significant difference from the federal minimum wage in 2024 of 7.25 U.S. dollars.

The available data collection compiles the most important price indices of living costs published in official price statistics. The price indices for the standard of living are to show, in which measure the haouseholds’ standard of living increased or decreased in price due to price alteration, but unaffected by changes by consumers’ behaviour. Therefore, the consumer price indices are to measure the pure price development, isolated from changes in quantity or quality. Basis of the index is the supposition, that the structure of private households’ consumer expenditures doesn’t have changed since the basis-year (Laspeyres-Index). The consumer price index covers groups of goods, which are bought and/or used by the private households. The private households’ expenditure structure is the basis of this price index, therefore the index is to be regarded as a “purchase price index” for private ultimate consumer. Aim of the consumer price statistics is – as it is the aim of the whole official price statistics – the registration of price changes. Therefore their most important results are price indices to a certain base year and not average prices in absolute height. Furthermore, living-cost price indices informs about the percental increas or decrease of the goods’ and achievments’ prices (in relation to a base year). Topics List of data-tables in the search- and downloadsystem HISTAT: A. Living-cost price index of all private households and living-cost price index by household-types (1948-2001). B. Living-cost price index by consumption-groups and main groups; structure by goods, achievements and use of dwellings; structuring by COICOP; housing rents, motorist-price index (1948-2001); C. Consumer prices since 1881; Cost of living since 1924; Price index for nutrition (1881-1913); Realm index figures for living-cost: blue-colour-worker-households with 5 persons by consumption groups (1924-1944); D. Monthly values: Living-cost-price index of all private households (1962-2001); Living-cost-price index of a 4-persons-household with middle income (1950-2001), base years: 1913/14, 1938 = 100 (1948-1994); E. Living-cost price index: international tables (1960-2001).

The available data collection compiles the most important price indices of living costs published in official price statistics. The price indices for the standard of living are to show, in which measure the haouseholds’ standard of living increased or decreased in price due to price alteration, but unaffected by changes by consumers’ behaviour. Therefore, the consumer price indices are to measure the pure price development, isolated from changes in quantity or quality. Basis of the index is the supposition, that the structure of private households’ consumer expenditures doesn’t have changed since the basis-year (Laspeyres-Index). The consumer price index covers groups of goods, which are bought and/or used by the private households. The private households’ expenditure structure is the basis of this price index, therefore the index is to be regarded as a “purchase price index” for private ultimate consumer. Aim of the consumer price statistics is – as it is the aim of the whole official price statistics – the registration of price changes. Therefore their most important results are price indices to a certain base year and not average prices in absolute height. Furthermore, living-cost price indices informs about the percental increas or decrease of the goods’ and achievments’ prices (in relation to a base year).

Topics

List of data-tables in the search- and downloadsystem HISTAT:

A. Living-cost price index of all private households and living-cost price index by household-types (1948-2001).

B. Living-cost price index by consumption-groups and main groups; structure by goods, achievements and use of dwellings; structuring by COICOP; housing rents, motorist-price index (1948-2001);

C. Consumer prices since 1881; Cost of living since 1924; Price index for nutrition (1881-1913); Realm index figures for living-cost: blue-colour-worker-households with 5 persons by consumption groups (1924-1944);

D. Monthly values: Living-cost-price index of all private households (1962-2001); Living-cost-price index of a 4-persons-household with middle income (1950-2001), base years: 1913/14, 1938 = 100 (1948-1994);

E. Living-cost price index: international tables (1960-2001).