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C Series Index
The C Series Index (or C Series) was a consumer price index constructed by the Australian Bureau of Statistics in 1921 (back calculated to 1914) and discontinued in 1961. It was notable for its role in centralised wage bargaining in Australia, and for the indexation of working class wages over an extended period of time.
==Adoption==
Australia's Bureau of Statistics maintained an A Series Index of prices from 1912, back calculated to 1901, the date of Australian Federation. As a result of the 1920 Royal Inquiry into the Basic Wage the ABS developed the C Series Index of different price bundles. The importance of statistical price series was caused by the Australian basic wage, a conception of minimal requirements for a family of four or five, based on a single male unskilled wage earner, as given in the Harvester Judgement. The basic wage was a common component of almost all Australian workers' wages (supplemented in most cases by a margin paid for advanced skills by award), and due to inflation the judgement required periodic updating to account for inflation.〔Australian Bureau of Statistics, "History of retail/consumer price indexes in Australia" In Year Book Australia, 2005 (ABS 1301.0), Canberra, ACT: Australian Bureau of Statistics, 2005.〕
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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