代替消费者价格指数，如果我们使用劳动力成本的涨幅作为实际通胀指数，来计算实际有效汇率，那么自2005年起人民币已经升值了50%。

If we use the rise in labor costs as the DE facto inflation index - instead of the CPI - to compute the real effective exchange rate, the yuan has appreciated 50 percent already since 2005.

youdao

上周，经合组织(OECD)发布了他们季度报告“单位劳动力成本和相关指数”。

LAST week the OECD released their quarterly "Unit Labour Costs and Related Indicators".

youdao

巨无霸指数的缺点之一就是它并未计入各国劳动力成本的差异。

One of the drawbacks of the Big Mac index is that it takes no account of Labour costs.

youdao